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Supply, Demand, and the Price of Oil

Could the price of oil be a value such that the current quantity produced exceeds the current quantity consumed?

U.S. tight oil production decline

U.S. oil production has begun to drop in response to low oil prices, but not as dramatically as many had anticipated.

Energy prices and consumer spending

Among the disappointments in the 2015:Q1 GDP figures was weak consumption growth, which was a little surprising given the extra cash most consumers have on hand as a result of lower energy prices.

Oil Prices as an Indicator of Global Economic Conditions

But another reason oil prices have slid so much is weakness in demand for the product, which may be related to a slowdown of overall world economic growth.

Evaluation of Quantitative Easing

Last week the U.S. Federal Reserve closed a chapter on the experiment with quantitative easing, just as the Bank of Japan opened a new one. Seems like a good time to comment on some of what we’ve learned so far.

How will Saudi Arabia respond to lower oil prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production.

The Changing Face of World Oil Markets

My conclusion is that hundred-dollar oil is here to stay.

Keeping Oil Production From Falling

Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the race?

Peak oil: Supply or demand?

In these interviews, we look at peak oil theory with Richard Heinberg and James Hamilton.

Oil and gasoline prices: many still missing the big picture

Gasoline prices in the United States have risen sharply recently, leading some newspapers to round up the usual suspects.