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Review August 30, 2010
Download Full PDF 1. Oil and the Global Economy After touching a high of over $83 a barrel in early August, oil fell to below $71 on Wednesday before rallying to close at $75.17. Despite a stream of negative economic and oil stockpile news, the equity and oil markets rose on remarks by Fed Chairman Bernanke
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Review August 23, 2010
The ASPO-USA 2010 Peak Oil Conference Washington, DC — October 7-9, 2010 Early registration (save $) ends August 31st. Register online: www.aspousa.org Download Full PDF 1. Oil and the Global Economy Oil prices have now fallen steadily since reaching a high above $83 a barrel in early August. Friday‘s
Review August 16, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices have fallen steadily since touching a high of $83 a barrel two weeks ago and closed on Friday at $75.39 a barrel. Demand for gasoline in the US the week before last fell to 9.2 million b/d from 9.6 million in the week ended July 23rd. As has been the
Review August 9, 2010
Download Full PDF 1. Oil and the Global Economy On Monday and Tuesday oil prices climbed from $79 to nearly $83 a barrel, then fell to close at $80.70 on Friday as multiple negative factors weighed on markets. The week’s early surge came on the usual factors of a weaker dollar and investor optimism about
Review August 2, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices opened and closed last week in the vicinity of $79 a barrel. At one point the news of record US crude imports sent prices down briefly to $77 a barrel. This decline was erased when it was learned that much of the excess imports were the result of speculators
Review July 26, 2010
Download Full PDF 1. Oil and the Global Economy Oil prices moved up slowly last week from $76 a barrel to a close of just below $79 on Friday. A combination of a weaker dollar, stronger equity markets and a Gulf storm was behind the move. After the Gulf storm weakened on Friday, prices fell from last week’s
Review July 19, 2010
Download Full PDF 1. Oil and the global economy Oil settled at the Friday close at $76.01, only a few cents below where it started on Monday. Prices briefly climbed above $78 a barrel on Wednesday when it was learned that US crude inventories had fallen by a much-greater-than-expected 5 million barrels the week
Review July 12, 2010
Download Full PDF 1. Oil and the global economy Crude futures jumped 5 percent last week, moving from $72 to close over $76 a barrel on Friday. Oil prices continue to be linked with the equity markets which in turn are linked to news about the prospects for economic recovery. Although news on the global economic
Review July 5, 2010
Download Full PDF Peak Oil Review 1. Oil and the global economy Oil prices fell 8 percent last week from a high of $79 on Monday to close on Friday at $72.14. After it became apparent that hurricane Alex would stay well to the west of Gulf oil production, concerns over future economic growth took over and drove
Review June 28, 2010
Download Full PDF 1. Oil and the global economy After the brief euphoria following Beijing’s un-pegging of the Yuan on Monday, oil prices slipped lower for most of the week. On Friday, however, concerns about the effects the first gulf hurricane of the season might have on oil production sent prices sharply
