OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over. Calling a truce with production cuts has been an ineffective strategy. In fact, it’s been a feeble strategy and nobody in the business should rely […]
If dollars were votes the Canadian oil sands is getting an approval rating of about 55% this year. Maybe that sounds like a great number for a politician. But for ongoing oil and gas projects a “re-investment ratio” less than 100% is a vote of non-confidence relative to other hydrocarbon jurisdictions. Some point to the […]
Wow. It’s not often a chart can say so much about human behaviour, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For one thing, the data I show this week confirms the maxim that “size matters.” When it comes to buying a new vehicle in North America, […]
Like us humans, it seems like oil markets have two ears. Going in one ear, is the squeal of the resurgent US oil industry. In the other ear, it’s loud chatter about whether or not OPEC and friends are complying with production cuts. In between the ears, in the minds of the traders, the price […]
