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oil prices

Peak Oil is a Function of Oil Price

September 21, 2015 by Robert Rapier

Peak Oil and Prices

The scientific study of peak oil began in the 1950′s, when Shell geophysicist M. King Hubbert reported on the evolution of production rates in oil and gas fields. In a 1956 paper Hubbert suggested that oil production in a particular region would approximate a bell curve.[read more]

The Link Between Oil Reserves and Oil Prices

August 6, 2015 by Robert Rapier

Oil Prices and Reserves

Last December the EIA released its latest estimate of U.S. Crude Oil and Natural Gas Proved Reserves. Gas reserves rose, but the real story was crude oil reserves. U.S. proved reserves of crude oil and lease condensate had increased for the fifth year in a row, exceeding 36 billion barrels for the first time since 1975.[read more]

Energy Quote of the Day: 'They Didn't Go Crazy the Last Few Years'

April 12, 2015 by Jared Anderson

Chevron and Oil Prices

Slow and steady wins the race, according to Chevron, a company that is actually increasing its US upstream capital budget this year. Chevron started slow in the Permian Basin and watched what other companies were doing while it honed its drilling strategy.[read more]


What's Driving Gasoline and Oil Prices?

February 11, 2015 by Greg Bothun

Oil and Gas Price Influences

Everyone is aware that the price of gas is currently very low. An event like this often spurs conspiracy theories involving OPEC, the US, Russia, etc. But there is no evidence that supports any of these conspiracy theories, while there is evidence that these low prices are in fact due to the following factors.[read more]

The IEA's Stressful Outlook

December 8, 2014 by Geoffrey Styles

For an organization established by energy-importing countries in the aftermath of an oil crisis, the recent launch of the International Energy Agency's annual World Energy Outlook (WEO) took surprisingly little satisfaction in the current dip in oil prices, and none in the difficulties it is causing for OPEC.[read more]

Eight Pieces of Our Oil Price Predicament

October 25, 2014 by Gail Tverberg

Oil Prices and Problems

A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for the world economy. Unfortunately, it doesn’t seem to work that way recently.[read more]

Energy Quote of the Day: 'They’re Running Out of Luck'

October 18, 2014 by Jared Anderson

Oil Price and Supply


Oil market crystal balls are working overtime trying to find a floor to the current precipitous oil price decline that has seen both benchmark Brent and WTI dip below $90 per barrel. Most analysts agree that at the macro level weak demand coupled with ample supply are pushing down prices.[read more]

Lower Demand, Higher Supply Drive Oil Prices to Lowest Level Since 2012

October 10, 2014 by U.S. EIA: Today in Energy

Oil Price Drop

The price of North Sea Brent crude oil has fallen to around $91 per barrel, the lowest level in more than two years and about 21% lower than its year-to-date peak of $115 per barrel on June 19. Average monthly Brent spot prices had traded within a narrow $5 per barrel range, from $107 to $112 per barrel.[read more]

Low Oil Prices: Sign of a Debt Bubble Collapse, Leading to the End of Oil Supply?

September 27, 2014 by Gail Tverberg

Oil Prices and Supply Economics

Oil and other commodity prices have recently been dropping. Is this good news, or bad? I would argue that falling commodity prices are bad news. It likely means that the debt bubble which has been holding up the world economy for a very long–since World War II, at least–is failing to expand sufficiently.[read more]

As Cash Flow Flattens, Major Energy Companies Increase Debt, Sell Assets

August 1, 2014 by U.S. EIA: Today in Energy

Energy Company Cash and Debts

Cash from operations for major energy companies has flattened in line with flat crude oil prices. Based on data compiled from quarterly reports, cash from operations for 127 major oil and natural gas companies totaled $568 billion, and major uses of cash totaled $677 billion, a difference of almost $110 billion.[read more]

Energy Quote of the Day: 'The Flood May Just be a Trickle'

June 25, 2014 by Jared Anderson

Iraq Chaos and Oil Markets

As the situation in Iraq continues to develop, oil market bulls and bears are currently battling over the degree to which the worst sectarian violence since United States troop withdrawal will exert upward price pressure and lead to other market changes and risks.[read more]

Trillion-Dollar Question: Are Oil Companies Over-Investing in High-Cost Projects?

May 26, 2014 by Reid Capalino

Oil Companies and Investment Risks

Despite significant risks to long-term global oil demand (including from the need to reduce CO2 emissions), over the next decade oil companies may spend $1 trillion to develop new high-cost oil production. This post surveys how such expenditures will affect investors, and how investors can respond.[read more]

The Connection Between Oil Prices, Debt Levels, and Interest Rates

May 23, 2014 by Gail Tverberg

Prices, Debt, and Interest

The economy doesn’t just grow by itself (contrary to the belief of many economists). It grows because affordable energy products allow raw materials to be transformed into finished products. Increased debt helps energy products become more affordable.[read more]

Producers that Can Pump at $60/bbl Oil: Interview with Evan Smith

December 7, 2013 by Jim Patrick

Evan Smith joined U.S. Global Investors in 2004 as co-portfolio manager of the Global Resources Fund (PSPFX). Previously, he was a trader with Koch Capital Markets in Houston, where he executed quantitative long-short equities strategies.[read more]

Substitution Effects Capping Future Oil Demand Growth

October 8, 2013 by Amy Myers Jaffe

It is often said that the cure for high oil prices is high oil prices. History would argue that oil is a cyclical industry and that prices above competitive substitutes for oil invite fuel switching. Evidence is mounting that such substitution is already taking place.[read more]