The 2009 EIA Energy Conference: Day 2

Energy and the Media This was the panel I had been asked to participate in. My fellow panelists were Steven Mufson (one of my favorite mainstream energy reporters), from the Washington Post; Eric Pooley from […]

Gasoline Demand Has Recovered

It’s been taking place slowly, week after week, but low gas prices have brought gasoline demand back up. There has been anecdotal evidence that suggested demand might be heading higher, such as recovering sales of […]

Why Gas Prices are Rising Again

Every time gas prices start to go up, my essay “Why Are Gas Prices Rising?” gets a lot of hits from Google searches by people looking for an explanation. Because the supply/demand dynamics have changed, […]

Haven’t We Seen This Before?

At this year’s ASPO conference, I was twice asked about the gasoline supply situation – once at a panel session and once by a reporter. At the time, there were gas shortages throughout the southeast, […]

Rationing by Running Out

This looks ominous: Gasoline Inventories at Lowest Levels Since 1967. Source: This Week in Petroleum Of course we used a lot less gasoline in 1967, so on a ‘days of supply’ basis, this is probably […]

A Mixed Bag of Oil Projections in the MSM

Update: One more noteworthy story from Newsweek: The Coming Energy Wars Oil drives so much of the global economy, it’s almost impossible to fully imagine the world of $200 oil. No question, the shock will […]

This Week in Petroleum 1-30-08

Updated Gasoline inventories did in fact edge upward, as gasoline imports were very strong. Had that not been the case, gasoline inventories would have definitely come down, as utilization continues to trend down. In fact, […]

This Week in Petroleum 1-24-08

Updated: Not too much to get excited about. Those reports of some refineries coming down early for turnarounds due to low margins look to be accurate, given the drop in refinery utilization. That would also […]

This Week in Petroleum 1-16-08

With all of the traveling, and then trying to catch up after the holidays, I haven’t had time to do a proper TWIP. Anyway, mostly what we saw for the past month were crude draws, […]

This Week in Petroleum 12-12-07

Updated: You would think if last week’s large inventory drop was due to fog-induced delays, all of that crude would show up this week. Not so, as another drop in crude inventories was recorded: U.S. […]