…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…

…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…

…for example, he worked on legislation to “get tougher” on responses to oil spills and get kinder in expediting loans to people impacted by those spills. See this press release….

Lifted from Econbrowser by Menzie Chinn Drilling Offshore to Affect World Oil Prices… and Other Tales from the Iraq-Pakistan Border Various individuals have argued for drilling in the Outer Continental…

…suppliers of oil, US imports represent US oil demand. This chart clearly shows that the run up in oil prices to $100 had little or nothing to do with demand…

…the high price of oil. In fact, oil prices and long-term interest rates do indeed seem to be moving in opposite directions lately. The chart below shows both series since…

…source of oil has emerged from fracking in North Dakota and other interior locations. The problem was that over the years pipelines and other supply chains for oil had been…

Whither The Price Of Oil? I do not know, which is a kind of silly way to start a post, but pretty obviously this is an opening to talk about…

…a phased-out ban on imports of Russian coal, but brushed aside sanctions against Russian oil and gas exports…oil prices turned lower in late morning trading on Wednesday, with May oil…