I expect oil prices will hover around $40/barrel for a bit here, especially if Kuwait closes its northern oilfields to protect them in case of US-Iraq action and OPEC is really producing as close to capacity as they say they are. Thank goodness for proven reserves and increasing production in Azerbaijan, Kazakhstan, and Russia, and …
This CNN/Money special report on oil markets has a lot of good content and background on how the oil industry and global oil markets function. Note especially their list of best- and worst-mileage cars, in the context of earlier post on how high gas prices are the mechanism that will induce consumers to reconsider their …
That was my reaction today when I saw how high oil prices went today in world markets. In the US, “The supply situation is dire,” said Phil Flynn, a senior energy trader at Alaron Trading Corp. in Chicago. “Crude-oil inventories are dangerously low. We are only one small problem away from the minimum amount needed …
This Insight magazine article from 19 February explores the possibility that Venezuelan president Hugo Chavez has contacts with, or will increasingly form contacts with, terrorists who want to flex the oil muscle. From the article’s introduction: As Washington prepares a high-stakes military venture in the Persian Gulf, a growing physical threat is being posed by …
Ya wanna increase fuel economy and reduce our dependence on oil? Let high gasoline prices do their work. From an article in the Press Enterprise (registration required), an inland Southern California newspaper: Amid soaring gas prices nationwide, Californians are paying the most to fill up their vehicles, causing many people to cut back on recreational …
The uncertainty, and the continuing unrest in Venezuela, keep pushing those oil prices higher and higher. See for example this BBC article, this Forbes article, this ABC News article, and this Financial Times article. Ugh.
Just got back yesterday from Philadelphia, and the Mercatus Center Congressional Chief of Staff Retreat. Very fun, lots of good conversations.
Because no one in the Midwest (or anywhere else, for that matter) wants a refinery built next to them. Plus we have oxygenated fuel requirements, reformulated gasoline requirements, and some of us have state-level boutique fuel requirements. So gas prices in the Midwest are the most volatile in the whole country. See, for example, this …
Many thanks to Mindles Dreck for re-introducing (or introducing, in my case) us to Sophismata, replete with interesting stuff, including this insightful analysis of power efficiency and price efficiency. Yay! That’s a point that will become increasingly important as we weigh increasing our energy generation from renewable sources, and particularly in light of the energy …
Virginia Postrel has, in her usual succinct and elegant way, pointed out the deficiencies in CAFE standards for promoting decreased energy use: I do think it’s ridiculous to bias federal policy in favor of SUVs and against station wagons and minivans. That’s what the Corporate Average Fuel Efficiency (CAFE) standards for fuel efficiency do. But, …
Copyright © 2022 Knowledge Problem Archive