Short Term Energy Outlook: Good News or Bad News?

The US Energy information Administration (EIA) released its updated Short Term Energy Outlook (STEO) May 8, 2012.  The overview calls for falling crude oil prices, falling gasoline prices, falling electric demand but higher natural gas prices as the prospect of exports reduces fears of excess inventory. The STEO is always a volatile cocktail of near Read more about Short Term Energy Outlook: Good News or Bad News?[…]

Put America’s 'Spare' Oil Productive Capacity to Work

Global oil prices are driven by a ‘rule of thumb’ that suggests prices will go up when the spare capacity of oil available on any given day is less than 5% of expected global demand.  In today’s high priced oil market that swing in spare capacity is about 2%. This a big deal because traders Read more about Put America’s 'Spare' Oil Productive Capacity to Work[…]