oil shocks

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Category archives for oil shocks

Kurt Cobb as usual gets right to the practical heart of the matter in his latest column about why expanding claims about reserves, EVEN IF TRUE don’t translate to cheap oil and gas: Here’s the short version of why forecasts of low long-term oil and natural gas prices are almost certainly wrong: It costs more…

New EIA Data

The EIA, unlike the IEA, has been strident in its dismissal of peak oil. But the data that the EIA publishes tells a very different story than the one it wants us to hear. Gail the Actuary has a really good analysis up at the Oil Drum.. The essential message – that crude oil production…

From the UN FAO, we can see that world food prices remain extremely high. We also, I think, when we conjoin this with oil prices can see that there is at least a significant correlation. So much of what has been done in agriculture over the last 75 years has served to tie oil and…

Every time oil prices get high, the SPR becomes a central issue. I really like Kopits’ analysis here – I think he may be right that the impact of the SPR might hold off an oil shock. At the same time, the question is whether we would then be able to build it up again,…

The phrase “oil shock” is being thrown around a lot in the national news, and events in Tripoli at the moment seem to be reinforcing the idea that we’re facing an extended period of instability, and possibly a new cycle of oil price increases and the stress on personal and public economies that accompany rising…