…to be quite a good approximation to the dynamics of real oil prices It does turn out that there is a small chance that oil prices will fall below $15…

…and oil products transited the Strait of Hormuz in 2025, or around 25% of the world’s seaborne oil trade. Options for oil flows to bypass the Strait of Hormuz are…

…despite the fact the EIA’s January Short Term Energy Outlook stated that “We forecast that global oil production will outpace global oil consumption during both 2022 and 2023, resulting in…

…of the GCC members and also is the one that has been running out of oil more than the others (all of them produce at least some oil). In short,…

…Donald Trump’s executive order renaming the Gulf of Mexico as the Gulf of America, AP would be barred from accessing an event in the Oval Office.“ “This afternoon AP’s reporter…

Taken from TPM as written by Josh Marshall about the Strait of Hormuz. If you are not aware, the strait is a short cut to the oil fields beyond it….

…of possible attacks on petroleum-industry infrastructure. Iraq’s Southern Oil Co. stopped pumping oil after militia troops threatened to attack oil facilities, Agence France-Presse reported, citing an official at the state-run…

…for example, crude prices would triple or even quadruple with a supply disruption from the Persian Gulf, with dramatic stagflationary effects on all the oil importing national economies. This does…

…Ca. 90% Iran’s oil ships out of Kharg. If that terminal is destroyed, it will effectively cut off all oil income to Iran. Trump apparently thinks either (a) Iran will…

…on renewable oil: biomass conversion, plant sugars, photosynthesis and microalgae to convert sugar to oil. Does not require changes in current processing system; renewable oil is fungible with the dinosaur-based…