A midweek update. Oil prices climbed for the fifth straight day on Wednesday after a drop in the US crude and gasoline inventories and a weaker dollar added to the clamor about the possibility of an OPEC+Russia oil production freeze in late September.
Articles: oil price (127)
A weekly roundup of peak oil news, including: -Oil and the global economy -The Middle East and North Africa -China -Russia -Nigeria -Venezuela -The Briefs
A mid-week update. The price rally last week that was based on short covering and revived hopes that oil exporters would get together and freeze production came to an end this week amid a flurry of reports pointing to lower oil prices ahead.
A midweek update. After closing below $40 a barrel on Tuesday, oil prices rebounded on Wednesday following the EIA report that US gasoline stocks fell by 3.3 million barrels vs. an expected 200,000.
State of The Transition, July 2016: Might the fossil fuel industries implode faster than the clean energy industries can grow to replace them?
Might it be that the ongoing implosion of fossil fuel industries will happen much faster than the necessarily explosive transition to solutions?
A midweek update After two days of drops occasioned by the Brexit vote, oil prices rebounded on Tuesday and Wednesday as trader concerns shifted to supply and demand issues once again.
At first glance it is hard to see how oil, interest rates and debt are connected. Two of them are human constructs while oil (fossil sunlight), a gift from Mother Nature, took tens of millions of years to process.
A midweek update. The oil markets are still dominated by the possibility that today’s vote in the UK may result in Britain leaving the EU.
$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful?
A weekly roundup of peak oil news, including: -Quote of the week -Oil and the global economy -The Middle East and North Africa -Nigeria -Venezuela -The Briefs