oil shocks

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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…

Understanding the Implications of Libya

Two good recent articles on the implications for oil prices and production of the situation in Libya. First, Tom Whipple’s always cogent overall analysis: While the 1.6 million barrels a day (b/d) that the Libyans pumped in January may not appear significant in a world that produces some 88 million barrels each day, we should…