Temperatures are not Rising over Climate Change except at the IPCC Conference in Paris

SOURCE: http://www.bbc.com/news/science-environment-28870988 Prepare yourself for wailing and gnashing of teeth as the UN International Panel on Climate Change advocates meet in Paris. The Telegraph newspaper article in the UK summed up the Panel’s view: “The world is on course to experience “severe and pervasive” negative impacts from climate change unless it takes rapid action to Read more about Temperatures are not Rising over Climate Change except at the IPCC Conference in Paris[…]

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Lessons from the Gas Pump about Oil Price Volatility

As I filled the gas tank in my wife’s car this weekend I chuckled about the great low price I was paying for the experience. It made me feel so good I went inside the Chevron service station and bought a lottery ticket and a few scratchers for good measure. This was my lucky day. Read more about Lessons from the Gas Pump about Oil Price Volatility[…]

Volatility is a Wonderful Thing!

VIX, the ‘Fear Index’ or Volatility Index of S&P 500 options over the next 30 days published daily on the Chicago Board Options Exchange was down a little from its highs last week. Oil prices are still at multi-year lows, the DJIA rebounded Friday, October 17th moving up 263 points but is still off 5% Read more about Volatility is a Wonderful Thing![…]

A Fly on the Wall at OPEC’s November 27th Meeting

The next meeting of OPEC ministers is scheduled to take place November 27, 2014 in Vienna. It is not going to be business as usual. The stated purpose of the meeting is to set production policies for 2015. But we all know what the members will be discussing over tea or something stronger. “How do Read more about A Fly on the Wall at OPEC’s November 27th Meeting[…]

Big Sale on Oil! Limited Time Only!

SOURCE: US EIA, Bloomberg, CME Group That’s the real headline from the geopolitical reaction to falling oil prices. In the past falling world oil prices have provoked a meeting of the OPEC oil ministers who would agree to and announce a cartel cut in production targets to bring down supply levels to match demand. Then Read more about Big Sale on Oil! Limited Time Only![…]

What to Make of Lower Oil Prices? Merry Christmas!

SOURCE: US EIA As I write this on October 13, 2014, the Brent crude oil price is $88per barrel or about 23% lower than its $115 year-to-date peak on June 19. For 13 straight months until July 2014 monthly Brent spot prices traded from $107 to $112 per barrel according to the US Energy information Read more about What to Make of Lower Oil Prices? Merry Christmas![…]

How We 'Fracked' the Energy Industry—-for the Good!

SOURCE: US EIA The energy industry is being turned on its head by changes in technology, regulation and global markets. In oil and gas the shale revolution onshore was unleashed by technology changes in 3D seismic imaging making E&P more accurate and productive, horizontal drilling enabling access to the ribbon-like shale and tight oil formations, Read more about How We 'Fracked' the Energy Industry—-for the Good![…]

How Sweet is it? I’m Talking about Light Sweet Crude Oil

SOURCE:  US Energy Information Administraton ‘So there will be weeping and gnashing of teeth’ the parable of the weeds goes in Matthew 13:42. No, this is not a Bible lesson nor am I suggesting a revelation about the future direction of oil prices. But it always surprises me when there is so much angst when Read more about How Sweet is it? I’m Talking about Light Sweet Crude Oil[…]