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180108 Wave Image with Credit

Commentary – The Wavy World of Oil

Written by Peter Tertzakian | January 9th, 2018

US oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil (...)

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Canadian energy nerd, co-host of the ARC Energy Ideas podcast, Executive Director at ARC Energy Research Institute, an integral part of ARC Financial Corp.

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Uncertainty about when tankers will start transiting the Strait of Hormuz again created an oil price roller coaster this week, with WTI price reaching $118/B on Sunday, and then falling quickly to the mid-80s on the potential for SPR releases and  comments from the US President

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In watching the unsettling events in Iran, I am reminded of this passage from my story “Long Way Around,” about how Canada is potentially vulnerable to the current situation:

“In times of peace, we tend to discount the value of energy and take our sources of supply for granted.

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