Oil: The Once & Future Fuel

January 30th, 2016

  360 Review Magazine - University of Mary

If oil didn’t exist, we’d invent it. It is a uniquely dense fuel with Goldilocks attributes: just the right combination of transportability, storability, safety and cost. That’s why civilization consumes nearly $2 trillion worth of oil a year. It’s the world’s largest traded commodity, with food in second place trading at 20 percent less.

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After the Carnage, Shale Will Rise Again

January 18th, 2016

Wall Street Journal   How low can oil prices go? When pundits start competing to predict where the barrel will hit bottom, you know that a rebound is inevitable. It’s the inverse of what happens before a high-price bubble bursts. Only a few years ago forecasters were suggesting that oil might hit $300 a barrel. Read More

The Congressional Ban On Selling Crude Oil Is Past Its ‘Sell Date’

October 21st, 2015

MORNING CONSULT      How times change.  Used to be Congress wrung its hands over oil shortages and American dependence on imports. Now there’s a fight on Capitol Hill over whether to allow American oil companies to export crude – because, as surprisingly few citizens know, it’s against the law for U.S. firms to sell oil into world markets. Read More

With Troops On the Ground, Did Russia Just Take Over OPEC?

October 6th, 2015

Real Clear Markets          Few doubt that a geopolitical Rubicon has been crossed with Russian troops now on the ground, and active, in Syria. There hasn't been this much Russian activity in the Middle East since before the fall of the Berlin Wall. Putin watchers and Russia experts across the political spectrum are wrestling with what it all means.   Read More