Sanibel

Where Does Oil Go from Here?

I believe that world demand for oil will continue to increase as India and China continue to grow. However, I wonder to what degree demand for oil in America will decrease as Americans transition from SUVs to more fuel-efficient vehicles. If I sell my SUV and by a fuel-efficient car, my fuel consumption should drop by about 20%. If everyone in America did the same wouldn't that substantially decrease American consumption?

Russian Oil Exports: Dropping, But Why?

Any company investing in Russia, does so at its own risk. Putin's objective is to restore the Soviet Union. Companies trading with Russia should seek payment in the form of oil or oil equivalents. That would be one way to force Russia to increase its oil production.

Oil Price Predictions and Break-Even Prices

I fail to see why the US Department of Energy seems to be so consistently wrong about the prediction of the price of oil. I realize it is not easy to make these predictions, but how can the DOE be so far off? Is there someone else who can more accutately predict oil prices?