For oil, the Goldilocks zone has ceased to exist. This will have staggering consequences throughout the economy for the foreseeable future.
Articles: oil price (78)
Lifting the oil export ban would only perpetuate the problem of over-production. That is no solution to low oil prices, lost jobs or lower oil-related spending.
A midweek update. Oil prices fell steadily this week until Wednesday afternoon when the Federal Reserve announced that it preferred a more gradual path to normalizing interest rates.
Many reasons have been provided for the dramatic plunge in the price of oil to about $60 per barrel (nearly half of what it was a year ago)...
Oil prices don’t change based on weekly rig count reports. Yet every week, there are proclamations by analysts that oil prices are poised to recover because of some change in the Baker Hughes North American rig count
A mid-week update. Oil prices fell on Monday and Tuesday this week on expectations that US crude stocks will continue to grow.
What follows are the continuance of my research, discussions, observations and thoughts around the nexus of debts, interest rates and the oil price.
The Crash in the Price of Oil may Change the Oil Market – a Look at the IEA’s “Oil Medium-Term Market Report 2015”
On Tuesday 10 February at 13:00 GMT the IEA released its “Oil Medium-Term Market Report 2015”.
The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA. - Not true.
Using the assessment of the Bank of Canada, production of affordable oil at price levels up to $75 has peaked or is at peak since the turning point of 2005. This means that the global economy cannot grow “normally” again.