The New York Times weighed in today with an article on the food versus fuel issue, with emphasis on what’s going on in the 3rd world: An Oil Quandary: Costly Fuel, Costly Calories Definitely worth […]
The AP on Oil and Gas Prices
The Associated Press takes a question on oil and gas prices, and does a pretty good job explaining the factors affecting prices: Ask AP: Your News Questions, Answered Q: Background (my numbers maybe a little […]
Chavez Had Me Fooled
It seems I have been wrong about Hugo Chavez. I had thought the man didn’t have a clue about the oil business. While companies like ConocoPhillips were pulling in $15.5 billion profits*, they were investing […]
API Year End Statistics
The API has released their year end report on consumption, and some of the results were quite interesting. They held a blogger call today to discuss the results, but I got tied up and couldn’t […]
Fertilizer Shortages in the UK
I was pointed to an interesting discussion today about the possible impact the biofuels mandates are having in the UK: Already paying the hidden cost of biofuels? The complaint, originating in Wales, reads: I know […]
Which Country Is It?
And the answer is: Iran. Those pictures are from the Dizin ski resort north of Tehran. One of the engineers in my group came back from the holidays and told us that the Tehran Airport […]
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, […]
Guardian Survey
The Guardian has sent me a couple of e-mails asking Guardian Commercial Partners to offer a survey to readers. Some of the questions are about how often you read this (and other) blogs, whether it […]
Corn Futures Behaving as Expected
Last May, in The Mythical Ethanol Threat, I discussed the massive overbuilding that was going on in the ethanol sector. I knew that it would squeeze margins, but that would also put the pressure on […]
Oil Stocks for 2008
CNN is recommending oil stocks for 2008: Oil stocks: Best picks for 2008 They cover the integrated oil companies, the independents, the refiners, natural gas, and oil services. Here is what they said about the […]