The definition of “unsustainable,” according to the Oxford Dictionary, is a situation which cannot be maintained at its current rate or level. Unsustainable is also the best way to characterize the oil price when it is near $US 30/B—a situation that is not tenable on many dimensions.
This commentary was originally published in the Petroleum Economist’s Outlook 2016. This version has been modified from the original publication, in order to account for the most recent information. Gazing into the horizon to predict the future is always hazardous; especially when you consider the stormy conditions of 2015. Despite the choppy waters, the big […]
US benchmark West Texas Intermediate (WTI) crude oil hit a new low on Monday morning, trading under $US 35/B. Meanwhile, Brent crude oil was trading just above $US 36/B in international markets. More than a year into this downturn, these new floorboards for the price of oil are discouraging milestones. The catalyst for the latest […]
North American natural gas markets are having a record breaking year. While some of the new (and potentially new) records are bullish, there are also several bears. Let’s look at a list of this year’s new records, so that we can keep a tally of the bulls and the bears:
