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 ...
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 ...
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, ...
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 ...
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 ...
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 ...