Prices & supplies – June 16

A Bull Market Sees the Worst in Speculators
Action against oil speculators could backfire
If a Hurricane Strikes
Out Of Control(s)- China’s energy subsidies
Eliminating Subsidies Won’t Cut It (Demand for Oil That Is)
Can We Have Rationing Now Please? (David Fleming interview)
BP Statistical Review of World Energy 2008

Oil industry – June 16

Interview: Jerre Stead, chief executive of IHS Inc. (CERA’s parent)
With oil skyrocketing, companies squeeze every ounce out of Bay area wells (Mich)

Exxon to exit U.S. retail gas business

ANWR is not the answer

Americans are easily misled about domestic “supply-side” solutions to rising oil prices and dwindling global exports. Their confusion is understandable. Oil company executives like Shell’s John Hofmeister have called for opening up now restricted areas in Alaska or on the outer continental shelves, implying that salvation is only a few oil wells away.