Lou Grinzo

http://www.grinzo.com/energy/

4 Comments

    • Are Oily Characters Behind Crude's Price Move? [view article]
      The 74 million barrels/day is just crude oil. The bigger number everyone talks about (roughly 86) is crude plus other petroleum production. You can draw your own conclusions about the value of citing just the crude oil number when it's not all that matter, even on just the supply side. Aug 20 11:48 AM
    • Oil: Does Supply and Demand Still Apply? [view article]
      "We consistently hear from oil bulls that we've reached peak oil as production can no longer keep up with demand."

      I see (and correct) this error constantly. Peak oil is purely a measure of the flow of oil. It has nothing to with supply falling short of demand (or the amount of oil still in the ground, which is another common error). For example: If the quantity demanded and the quantity supplied both kept rising, but we had an increasingly tight market with slowly rising prices, then we would clearly not be at peak oil (production is still rising), even though "production can no longer keep up with demand".

      I also agree with the other comments above.       Aug 12 02:55 PM
    • GM and Ford: Still Easy Shorts [view article]
      My only quibble with this article is referring to trucks and SUVs as "a fairly poor gameplan for the foreseeable future". I think you're being too kind; I would have used the expression "train wreck".

      As Mulally pointed out in an interview recently, Ford's internal projection is for US gasoline prices to remain in the range of $3.75 to $4.25 through the end of 2009. Once American consumers are further squeezed by energy and food inflation for another 18 months, how bad will all light truck (pickups, minivans, SUVs) sales be? I think we're just starting to see the US automarket reshape itself in response to the end of cheap oil, and the only question is how well will the Big Three react to that fundamental change.       Jun 22 11:15 AM
    • The Impact of High-Priced Oil on Solar Manufacturers [view article]
      Quick question: What percentage of US electricity is generated with oil?

      Answer: According to the Dept. of Energy's Annual Energy Review, 1.5% for the most recent, full year. Higher oil prices will do more to push up the cost of solar than they will to increase the demand for solar panels, at least until we see a significant portion of our transportation fleet transitioned to electricity (EV's and plug-in hybrids).       Nov 30 12:29 PM
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