The Oil Bubble Ii
In my column last month (“The Oil Bubble: Set to Burst?“) I discussed the speculative factors that pushed oil prices to all-time highs. I pointed out that despite fear of ...
The Oil Bubble: Set to Burst?
Oil prices have soared from $32 a barrel at the beginning of the year to an all-time high of $50 a barrel at the end of September largely on the ...
Oil: Fear Vs. Fact
Speculation pervades the oil market, with fear of a supply outage pushing oil prices to $46 a barrel — a record level. This price reflects a premium of $18 to ...
A Terrorist Premium On Oil
Oil prices, at almost $38 a barrel, reflect a speculative premium for a potentially major supply interruption of $10 a barrel or more. What kind of interruption? A terrorist attack, ...
Oil-Price Wild Cards
Oil prices were supposed to have dropped sharply at the conclusion of the ...
Ten Biggest Misperceptions About Oil
In the past few months, I have read many comments about how current events ...
Oil Prices Are Headed Down
Extraordinary events are now holding oil prices high. The uncertainties of potential war with Iraq and the Venezuelan oil workers’ strike have put a premium on oil prices of more ...
Oil Crisis?
In recent weeks, inventory reports from the Department of Energy show that despite challenging oil-market conditions — such as the oil workers’ strike in Venezuela and the increasing probability of ...
Oil and Iraq
As the U.S. and Great Britain prepare for war with Iraq, there are strong similarities to the events of 1990-1991. We now face the same enemy at the same time ...