For Your Perusal: The Glory of Free Market Oil Supply [View article]
Makes all the sense in the world to me, especially that chart. Redbarron's comment is useful also. As for the first comment above, it belongs on some of the daytime soap-operas that are making fools of the American TV audiences.
Natural Gas: Grim Outlook Through Late 2010 [View article]
Interesting and very informative article. Are shale decline rates really 50%? I heard something lower, but if they are 50%, that changes a very great deal where the gas supply in the US is concerned.
Halliburton: Oil Prices May Depend on Russia [View article]
Prime Minister Putin gave a talk at Davos the other day, and as compared to the favorite Russian of many in his audience - I mean the late Mr Yeltsin - he was stone cold sober, and made sense most of the time. Although he didn't dwell on energy, I suspect that he knows - just as I and every intelligent student of the energy markets must know - that in a world where energy may be more important than ever, Russia has a lot to offer.
Certain governments in OPEC are not too worried about the price of oil, since the movers and shakers in those governments are primarily interested in their personal fortunes, but Mr Putin is clearly concerned with making Russia what it could and should be, which is an economic powerhouse. At the present time this implies cooperation with OPEC, although it may be implicit.
It won't happen tomorrow, nor perhaps in a string of tomorrows, but in the long run there are many things that could work in favor of Russia. The most important of these is not, perhaps, cooperation with OPEC but with with the US; and now that ignoramuses like the former US ambassador to Sweden with be returning to obscurity, such a cooperation may be possible.
For Your Perusal: The Glory of Free Market Oil Supply [View article]
Natural Gas: Grim Outlook Through Late 2010 [View article]
Natural Gas: Weakness Borne of Strength [View article]
What’s the Right Price for Oil? [View article]
Halliburton: Oil Prices May Depend on Russia [View article]
Certain governments in OPEC are not too worried about the price of oil, since the movers and shakers in those governments are primarily interested in their personal fortunes, but Mr Putin is clearly concerned with making Russia what it could and should be, which is an economic powerhouse. At the present time this implies cooperation with OPEC, although it may be implicit.
It won't happen tomorrow, nor perhaps in a string of tomorrows, but in the long run there are many things that could work in favor of Russia. The most important of these is not, perhaps, cooperation with OPEC but with with the US; and now that ignoramuses like the former US ambassador to Sweden with be returning to obscurity, such a cooperation may be possible.