 |
Louisiana Light • 3 days | 87.04 | +0.05 | +0.06% | ||
|
Bonny Light • 10 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 3 days | 88.15 | +1.09 | +1.25% | ||
|
Mars US • 248 days | 76.40 | -1.43 | -1.84% | ||
|
Gasoline • 10 mins | 2.557 | -0.002 | -0.08% |
|
Bonny Light • 10 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 10 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 3 days | 88.15 | +1.09 | +1.25% |
|
Peace Sour • 9 hours | 75.96 | -0.72 | -0.94% | ||
|
Light Sour Blend • 9 hours | 78.41 | -0.72 | -0.91% | ||
|
Syncrude Sweet Premium • 9 hours | 83.01 | -0.72 | -0.86% | ||
|
Central Alberta • 9 hours | 76.41 | -0.72 | -0.93% |
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Eagle Ford • 3 days | 79.64 | -0.72 | -0.90% | ||
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Oklahoma Sweet • 5 days | 80.50 | +1.25 | +1.58% | ||
|
Kansas Common • 6 days | 73.00 | -0.75 | -1.02% | ||
|
Buena Vista • 5 days | 90.42 | +1.07 | +1.20% |
Breaking News:
Gail Tverberg
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior to getting involved with energy issues, Ms. Tverberg worked as an actuarial consultant. This work involved performing insurance-related analyses and forecasts. Her personal blog is ourfiniteworld.com. She is also an editor of The Oil Drum.
Latest articles from Gail
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Why We Need $120 Oil
$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30…
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What Experts Miss When Discussing Peak Oil
For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem…
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How Debt Links Energy And The Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people.…
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A Lasting Solution To Low Oil Prices
Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production…
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The Unexpected Threat To Our Economic Growth System
Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by…
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Demand For Oil Slows As Globalization Reaches Limits
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely.Figure 1. Ratio…
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A Market Collapse Is On The Horizon
What is ahead for 2016? Most people don’t realize how tightly the following are linked: 1. Growth in debt2. Growth in the economy3. Growth in…
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10 Reasons why Sub $30 Oil Is A Major Problem
A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What…
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Why Low Oil Prices Won’t Cure Low Oil Prices
The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make…
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The Peak Oil Story We Have Been Told Is Wrong
Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added…
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Our Energy Problem Could Lead To A Major Debt Crisis
Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see…
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We Could See An Economic Collapse As Debt Defaults Pile Up
Both the stock market and oil prices have been plunging. Is this “just another cycle,” or is it something much worse? I think it is…
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‘Net Energy’ Deficit Preventing Economic Growth
We all know generally how today’s economy works:Figure 1 Our economy is a networked system. I have illustrated it as being similar to a child’s…
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9 Reasons Why We Should Be More Worried About Low Oil Prices
Why are commodity prices, including oil prices, lagging? Ultimately, the question comes back to, “Why isn’t the world economy making very many of the end…
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BP Data Suggests We Are Reaching Peak Energy Demand
Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting…
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Why EIA, IEA, And BP Oil Forecasts Are Too High
When forecasting how much oil will be available in future years, a standard approach seems to be the following:1. Figure out how much GDP growth…
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The “Upside Down” Peak Oil Story
The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk.…
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Why It Won’t Matter If Oil Prices Rebound
What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can…
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The Real Problem Behind Low Oil Prices
For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will…
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Oil Limits Could Undermine Our Entire Economic System
Many readers have asked me to explain debt. They also wonder, “Why can’t we just cancel debt and start over?” if we are reaching oil…
