The Energy Bulletin Weekly: 18 May 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil prices continued to rise last week despite the uncertainty surrounding COVID-19. New York futures closed at $29.43 and Brent at $32.50.
Tag: oil price
As Oil Prices Fall Below $0 Per Barrel, Climate Advocates Urge Against Fossil Fuel Industry Bailout
By Julia Conley, Common Dreams
The price of U.S. crude oil collapse to below zero for the first time on record, falling to negative-$37 per barrel and forcing oil producers to pay buyers to take the product off their hands.
The Energy Bulletin Weekly: 6 April 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Last week saw one of the biggest price leaps in the history of the oil industry, with US futures surging from around $20 a barrel at mid-week to a close of $28.34 on Friday.
Peak Oil Review: 23 March 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
The market situation changed rapidly last week. On Monday, the oil traders were focused on the Saudi price war. By week’s end, however, the Saudi initiative had been overshadowed by the rapid spread of the coronavirus and its impact on oil demand.
Dear NPR
By Roger Blanchard, Resilience.org
I believe we will see a fairly rapid decline in the production of shale oil and gas in the U.S. as a large number of fracking companies go bankrupt. I don’t see investors again being taken in by the promises of industry corporate executives, especially when the best drilling acreage is long gone. That is not a message I expect to hear on NPR.
Peak Oil Review – 15 Oct 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Major players in the oil industry are still in disagreement as to where oil prices will go in the near future. A few weeks ago, many financial writers were talking about $100 oil, but the sudden surge of volatility and turmoil in global financial markets has caused many to rethink their forecasts.
OPEC production increase shows it’s still fighting U.S. shale oil
By Kurt Cobb, Resource Insights
The move by OPEC last week to raise oil production to compensate for outages among the group's members shows that U.S. shale oil (properly called "tight oil") is still in its cross hairs--and that the economics of tight oil remain abysmal.
Is Volatility in Oil Price on the Way, Again?
By Tom Therramus, oil-price.net
A consistent theme in my articles is the charts reveal that economic disruptions, such as ructions in the stock market, tend to follow periods of marked instability in the price of oil, and further, that the economy at large appears to be acutely sensitive to sudden changes in the cost of energy - as mirrored by the longest lines on the chart above.
Peak Oil Review – Nov 21 2016
By Tom Whipple, ASPO-USA
A weekly roundup of peak oil news, including: -Quote of the week -Graphic of the week -Oil and the global economy -The Middle East and North Africa -China -Russia -Nigeria -Venezuela -The Briefs
Donald Trump and the USA’s Growth and Indebtedness
By Kjell Aleklett, Resilience.org
During 2008 to 2015 the ratio of GDP growth to increase in debt sank closer to 1:1. This shows that the economic policy of the time was catastrophic. There was no capacity for increasing the wages of the middle class in the USA.