Inventories are Falling Fast

There has been a lot of speculation lately over whether the Saudi oil production cuts over the past year have been voluntary. I have argued that they were voluntary based on a combination of what […]

The $1,000 Bet on Oil Prices

After seeing a number of predictions for very high crude oil prices this year – including many from people who believe that world oil production has peaked and $100/bbl this year is a sure thing […]

Demand May Outpace Saudi Oil Capacity

An AP story came out today warning (again) that the Saudis will probably not be able to keep up with our oil demand . You know things are bad when the Saudis are telling us […]

A Primer on Gasoline Pricing

There was a story today in the Detroit Free Press on rising gasoline prices (1). Two items caught my attention: “We’ve seen a dramatic increase in gasoline prices,” said Mark Routt, a senior consultant with […]