Tag Archives: supply
Dennis Mangan, logi Energy, Comments on Inventory
Crude Oil inventory surprisingly increased last week by 1,762,000 barrels to 337,676,000 barrels. Inventory is down 5,956,000 from 13 weeks ago and is now up 25,727,000 barrels from a year ago. We are at the 87th Percentile in barrels in storage, and we are at the 96th Percentile based on the 23.91 days of usage in storage. Distillate inventory increased […]
Chris Nelder, logi Energy: Is the IEA World Energy Outlook Politically Distorted?
The International Energy Agency (IEA) released its annual World Energy Outlook (WEO) this week — a report I always anticipate eagerly. Hey, it’s like Christmas for energy geeks. The IEA found coal in its stocking though, after a report the previous evening in the UK’s Guardian newspaper cited unnamed whistleblowers alleging the agency had been distorting its true view on […]
Commentary from Black Gold Readers
Editor’s Note: Thought that there might be interest in commentary from readers, after reading the article “Samuel Foucher, logi Energy: Peak Demand or Peak Consumption? A Look at the OECD Demand” Let us know what you think! Gail the Actuary on November 11, 2009 – 10:17am Thanks, Sam! This is really a nice post. Explains a piece of the puzzle […]
Samuel Foucher, logi Energy: Peak Demand or Peak Consumption? A Look at the OECD Demand
Standard economic principles have demonstrated that price is a function of supply and demand. The same is true for the recent oil prices fluctuations we have witnessed over the last few years, namely the adequation between supply and demand. However, the following conundrum has not been resolved: are oil prices high due to greater demand or too little supply? This ambiguity allows for vastly divergent interpretations of the same data and depending on the agenda you are trying to push, will easily support either. Continue reading
Chris Nelder. logi Energy-China: The Vampire Squid of Commodities. Part Two
Well, I have explained it: America has no energy plan, and we won’t have one until we give up our fantasies about energy independence or drilling our way out, admit that oil is peaking, and get serious about planning accordingly. Continue reading →