Tag Archives: OPEC

Oil Price Slide – No Good Way Out

The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or … Continue reading

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Eight Pieces of Our Oil Price Predicament

A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for … Continue reading

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OPEC says, ‘Don’t Count on Us’ for More Oil Supply

The results of OPEC’s latest meeting to set oil production quotas were announced this morning. Instead of production targets for individual countries, a group production ceiling of 30 million barrels a day was set. This amount is a bit less … Continue reading

Posted in News Related Post, Oil and Its Future | Tagged , , | 26 Comments

Why all of the Concern about Libya?

We keep hearing about unrest in the Middle East and Northern Africa, with Libya being the latest country to get top billing. Why all of the concern, especially related to oil? Libya is a relatively oil-rich country. According to the … Continue reading

Posted in News Related Post, Oil and Its Future | Tagged , , | 29 Comments