kebu77

Whither Oil Prices?

The analysis is skewed to show a low price floor. Fitzman is right. Those 1.26% upper and lower curves are entirely made up. They're cute, but what's the meaning? Where's the analysis?

9/11 had almost no impact on the oil markets, unless you want to factor in the reduced demand from reduced air travel for a short period. The Iraq war on the other hand was a big deal, including the way the Saudis since then have either over-produced (way over quota in 2004 in the months leading up to the election, and under-producing in 2006 as a warning to Bush not to go along with the prevailing electoral sentiment to back off the war and get out - - msg delivered when KSA has Cheney get on a plane - - all of a sudden there's to be a "surge").

The EROEI on deepwater is so bad that fields like Jack may never be developed.

Ike to Houston, "We have a problem . . ."