Category Archives: Energy markets

Gail Tverberg: The Oil Glut and Low Prices Reflect an Affordability Problem

Tverberg argues that low oil prices likely to be with us for a long time, due to the fact that demand will remain relatively weak. Given the reluctance of governments to engage in aggressive enough spending measures, the idea of that more economies will become mired in a Japan-like slump or weak demand is entirely plausible. And that’s before you get to the wild card of a Eurozone unraveling.

Read more...

How Gaza’s Natural Gas Became the Epicenter of an International Power Struggle

Guess what? Almost all the current wars, uprisings, and other conflicts in the Middle East are connected by a single thread, which is also a threat: these conflicts are part of an increasingly frenzied competition to find, extract, and market fossil fuels whose future consumption is guaranteed to lead to a set of cataclysmic environmental crises.

Read more...

Even If Oil Rally Continues, Lenders Still At Risk

Even with the impressive oil rally of the last two days, it isn’t clear that producers and lenders are out of the woods. While some analysts contend that the bottom is in, others see the rally as technical, driven in large measure by short-covering, and likely to fade.

The uncertainty lies in what is really happening on the production side

Read more...