Wsj On Venezuelan Oil

Alexi Barrionuevo has written an insightful and informative profile of Venezuela’s national oil company in Monday’s Wall Street Journal (subscription required). He goes through the history of the company, PdVSA, and how Chavez’s opposition to it influenced his initial coup and run for presidential office. An excerpt: For 30 years, Rogelio Lozada was the sort … More Wsj On Venezuelan OilMore Wsj On Venezuelan Oil

Oil Investment In A Post-saddam Iraq

According to this Reuters story from 1 February, the Iraqi opposition is thinking about how to encourage investment in Iraq’s oil industry if Saddam Hussein is deposed. An excerpt: While Iraq has huge oil reserves, they remain under-developed because U.N.-imposed sanctions have blocked the foreign investment needed to exploit them at full capacity. The group … More Oil Investment In A Post-saddam IraqMore Oil Investment In A Post-saddam Iraq

Recent Oil And Gas Articles

Here are some recent articles on oil and gasoline price increases due to the cold weather and anticipated military action in Iraq, from Forbes, Oil and Gas Journal, CNN, and the Houston Chronicle. … More Recent Oil And Gas Articles

More On Fuel Substitutability And Alternate Fuels

This Rigzone article from Friday does a nice job of summarizing what in economics is known as the substitution and income effects of price increases. In plain English instead of econ-geek-speak, when the price of a (normal) good goes up, all other things equal, the change in its price relative to substitutes for it induces … More More On Fuel Substitutability And Alternate FuelsMore More On Fuel Substitutability And Alternate Fuels