A note on Middle Eastern turmoil and gas and oil prices – by New Deal democrat While we wait for producer and consumer inflation data later this week, here’s a note about gas prices. With the newest shock in the Middle East, conventional wisdom is that the price of oil and gas will spike. And […]
An update on oil and gas prices – by New Deal democrat After stabilizing in the $87-$94 range for a little over a month, oil prices have declined further in the past several days. As of this morning they were in the $82/barrel range. The YTD graph via CNBC below shows that they have now […]
Chris Martenson at Peak Prosperity emphasizes aspects of oil and gas markets often left out of discussions, something our own Spencer England has remarked upon as well in Oil industry is undergoing a major structural change. And I think that $80 a barrel production cost is on the low side from our new sources, being […]