Oil

Oil prices and supplies – Nov 15

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Forecasting with a cloudy crystal ball

Aramco CEO pulls apart ‘doomsday’ energy forecasts
Shaybah, technical marvel in the desert

Cost of oil felt beyond pump
Gas prices hit working class
OPEC Secretary General doesn’t see need to add more oil

The Azeri oil deal

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When the Soviet Union crumbled, oil in the Caspian region — a remote, rather barbaric, highly romanticized region — was accessible to the west for the first time in history. The race was on, as Big Oil and all manner of adventurers, dealmakers, and political operatives traveled to one of the most corrupt and dangerous neighborhoods on earth to embark on a new Great Game with massive geopolitical and strategic implications. (Excerpt from a new book, The Oil and the Glory.)

Saudis speak – Nov 14

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Saudis happy with $100 oil

Saudi Arabia seeks positive role in climate change
Oil prices too high, Saudi minister says

Saudi says no OPEC production move in Riyadh

Fears about oil supplies groundless: Saudi

An oil nation lifts its lid – just a little
Oil minister: Gulf producers do not control crude prices

Not fixing to walk

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With oil prices stuck in the $90’s per barrel range, the official story is that the U.S. economy has shrugged off this year’s price increases. And it is true—the world has not ended yet, the economy has not ground to a halt. Things appear to be going swimmingly now, but the warning signs are there for all to read.

As oil flirts with $100, industry CEOs issue warnings, dead enders take cover in last foxhole

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It’s as if, facing the firing squad of $100/barrel oil, some CEOs, oil ministers, and energy experts have decided to come clean. Still, in some boardrooms, at the U.S. Energy Information Administration, and at Cambridge Energy Research Associates, denial still rules. The last foxhole of the dead enders remains “increased recovery factors.”