Scarce Whales
Tuesday, June 30, 2009

Reviews of Oil 101

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1. A review of Oil 101 just posted by Robert Boyd . "I am relatively new to the energy business. One of the things I had to do as soon...
Sunday, June 28, 2009

Escape from Oil ca traz

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At an energy conference in a place called "Alcatraz" University near Perugia, Italy over the weekend, I had a conversation with a ...

Supply-Driven Oil Price Rally

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Carl Etnier from the Rutland Herald wrote an interesting piece on why oil prices have been rising and to role of speculators. Carl mentio...
Friday, June 19, 2009

US Traffic Growth

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In April 2009, miles driven by US motorists increased year/year for the first time since late 2007. The US DOT traffic data released today f...
Thursday, June 18, 2009

US Inventories & Summer Doldrums

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Chart: Crude Oil (NYMEX WTI) Prices Over the Past 8 Days The oil market has been chopping sideways around $70 over the past few days. Weekl...
Tuesday, June 16, 2009

Crack Attack

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Cracks are the spread between the price of a finished product (gasoline, diesel and so on) over* crude oil. A crack is usually quoted in US ...
Monday, June 15, 2009

Iran and Oil

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Iran is a strategic pivot point for the oil market. Iran is a large crude oil exporter, it is close to large oil exporting nations and it bo...
Friday, June 12, 2009

Plus ça change

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How much oil is stored in the European Union (EU)? Official oil inventory reporting in the EU is weak compared to that compiled in the US. T...
Thursday, June 11, 2009

A Market Yen for Kiloliters

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As mentioned in Oil 101 , oil is traded in US dollars because it most efficient for everyone (consumers and producers) involved. Oil floats ...

Crude above $70

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Crude ( NYMEX WTI ) continues to make new highs for 2009 above $72 per barrel. I was quoted in the Wall Street Journal yesterday: "Unt...
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