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More on Oil

…a durable resolution. Here’s GS on that point: We find Gulf production is likely to mostly recover within a few months of reopening assuming 1) no renewed strikes on oil

Oil Price Controls

…the case of oil the point that the oil companies capture the system and get Washington to further their interest appears to be more the case. For example, if you…

The Windfall Profits Tax Debate

…Under his plan, oil companies would have to pay a 50 percent tax on profits made when oil prices are above $40 a barrel … But crude oil prices aren’t…

Oil Prices

The price of oil is hovering around $50/barrel today, a new record in nominal terms. The chart below shows the spot price of oil over the past few years. Source:…

How dry I am…

…(MENA) oil and gas resources, the IEA (2005) projects in the reference scenario a rise in MENA oil production from the 2004 level of 29 mbd to 33 mbd in…