Ever wondered how much of the oil price is pure hype or fear? Well there is an interesting article in today’s New York Times, which quotes Michael Rose, the director of the energy trading desk at Angus Jackson in Fort...
Feeling a little queasy every time you fill up at the pump because of those high prices? Well you are not alone. Seven out of every ten Americans are now experiencing a real fiscal hit from higher fuel prices at...
The populist Russian newspaper, Komsomolskaya Pravda, ran the headline yesterday: "Russia takes first place in oil output rankings". The story was based on OPEC figures showing that Russia is now extracting more oil than Saudi Arabia. The figures reflect a...
Matthew Simmons is well known within the industry for his predictions on peak oil. He first shot to prominence by arguing that Saudi Arabia was running out of oil and had inflated its reserves figures. His findings were published in...
Sunday’s local newspaper reported that gasoline sales in Vermont were 13 percent below prediction in February of this year and almost 15 percent low for May. I have no theories on the May swoon, aside from the toll continued high...
In the latest issue of Ms. Magazine, Martha Burk's "Crude Awakening" draws fresh connections between the United States' oil interests and its willingness to overlook gross violations of women's rights, especially in oil-rich nations. Writes Burk: "Whether supporting gender apartheid...
Here is Rich Cookson's second blog from Sakhalin Island, off Russia's east coast. Rich writes: "The Sakhalin Energy (SE) project, Sakhalin II, is the second of nine planned extraction projects around Sakhalin. Exxon holds a 30 per cent stake in...
Over the next few days, Oil Change will be bringing you an exclusive blog by Rich Cookson, a British journalist who is visiting the oil and gas developments at Sakhalin Island off Russia's east coast (see map). Rich writes: "In...
There will be humiliation for BP this week, when its Alaskan Division will have to open up its offices to US lawyers working for a federal grand jury in Anchorage who are investigating the March spill of 270,000 gallons of...
Lord Browne, BP's chief executive, went against the grain of recent energy hikes and said that within a few years crude oil prices would be $40 a barrel or even lower. “It is very likely that, in the medium term,...
