The oil markets are jittery. In the last week the price of oil increased to $US 53/B when President Trump officially put Iran “on notice,” and then sunk down to almost $US 52/B on news of a large gain in US crude oil stockpiles. Although US oil storage typically builds this time of year, the fill rate […]
Welcome to 2017! For oil markets, the discussion over the next few months will center on how closely OPEC and their non-OPEC partners are complying with the production cuts they agreed to at the end of 2016. The following video outlines the supply and demand situation under three different scenarios: no cut, an OPEC only […]
Photo: Peter Tertzakian Western Canada is in a deep freeze. The US Midwest is buried under snow. An Arctic blast is expected to hit the Eastern and Central United States in the next week. The frigid weather is causing people to crank-up furnaces and heaters across the continent. Power consumption is surging too. In […]
Here is an undeniable, yet underappreciated fact: The vast majority of greenhouse gas (GHG) emissions from fossil fuels (coal, oil, and gas) are actually released into the atmosphere when the fuels are burned by a consumer. Only a small fraction comes from the producers who extract oil out of the ground and pump it into […]
