Tag Archives: oil demand

Our Latest Oil Predicament

Posted on March 13, 2018 by

It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks scenario. US crude oil … Continue reading →

Posted in Financial Implications | Tagged , , , , | 2,023 Comments

$50 Oil Doesn’t Work

Posted on May 31, 2016 by

$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful? I would argue that it … Continue reading →

Posted in Financial Implications | Tagged , , | 1,650 Comments

The real oil limits story; what other researchers missed

Posted on May 12, 2016 by

For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into surpluses and low prices. What is going on that was missed … Continue reading →

Posted in Financial Implications | Tagged , , , , , , | 1,243 Comments

Why oil under $30 per barrel is a major problem

Posted on January 19, 2016 by

A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it: 1. Oil … Continue reading →

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Why “supply and demand” doesn’t work for oil

Posted on November 23, 2015 by

The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of … Continue reading →

Posted in Financial Implications | Tagged , , , , , | 1,389 Comments