Supplies and prices – May 26
Crude oil rises a second day on Nigeria attack, Mexico output
Commodity prices soar,
but are they in a bubble?
George Soros: rocketing oil price is a bubble
Saudi Khursaniyah oilfield not pumping yet – Aramco
Fossil Fuels
Oil ripples – May 26
Oil’s surge causing major changes in US economy
What if gas cost $100 a gallon?
Oil prices in Australia
Oil revenue and sovereign wealth funds
Consequences of rising oil prices for producing countries
India oil firms weeks away from bankruptcy
Damage control
Peak oil – May 26
Dallas Morning News: The end of cheap oil?
Peak oil on Dutch television
Australian headlines: If only they’d read The Oil Drum
Above ground factors: The propaganda tool of choice
Stating that above-ground factors are limiting oil supply is not merely an observation. Rather, it is part of a propaganda strategy supporting a policy agenda which almost certainly reflects the views of CERA’s clients, many of whom are major oil producers.
“Seven Sisters” have become “Five Little Brothers”
For many it comes as a shock that Big Oil has transformed into the ”five little brothers”. Today, the world’s seven largest oil companies are completely outside the control of the U.S. Senate.
Indonesia hikes fuel prices – May 25
Fuel prices rise nearly 30 percent
Angry protests
Cash to the poor to soften the blow
Oil producers – May 25
Non-OPEC oil output growth slows to a trickle
Pemex: April oil output drop biggest in 12 years
Mexican oil production falls 9% in first 4 months of year
Middle East: would you supply oil resources if you were in their place?
Prices – May 25
This is only round one
Oil economist: Iraq war trebled oil costs
$100-plus oil as China motors ahead
Dec ’08 crude tells the tale of oil’s surge
James Hamilton: Understanding crude oil prices
Whither the price of oil?
Bubble – May 25
Oil goes vertical
Is $130 oil a bubble?
Slick investors strike riches as they cash in on peak oil
Blaming speculators – May 25
Are speculators fueling oil run-up?
Speculators draw the heat
Controversial theory: traders to blame
Oil insiders say investors driving up prices
Oil trade’s winners now reap the wrath
Speculation – May 25
Gambling with the futures (primer)
James D. Hamilton on oil speculation
Ban on futures trading: Anti-farmer, not anti-inflation
Peak oil – May 25
Pickens: Oil production is reaching its peak
IEA inquiry to examine ‘narrow margin’ in 2012
50 MPs sign peak oil Commons motion
