The Marginal Price of Oil

Many individuals could save themselves a great deal of aggravation by recognizing the fundamental and permanent (or soon-to-be permanent) changes in the crude and products markets instead of berating OPEC and others about some obsolete notion of a fair price for oil.

Secret and unreliable world of oil statistics

In few industries do statisticians have to behave like spies, but those charged with collecting data on oil supplies have to rely on secret networks of informers in terminals around the world, who monitor tanker timetables and scrutinise shipping movements to report on changes in import and export volumes.

Climate forecast soars into the red

By 2050 heatwaves like that of 2003, which killed 15,000 in Europe and pushed British temperatures above 38C (100F) for the first time, will seem “unusually cool”, the Hadley Centre for Climate Change says.