Posts Tagged ‘india’

China, Not U.S., Key to Global Oil Demand

Posted by Jeff Rubin on June 1st, 2011 under SmallerWorldTags: , , ,  • 10 Comments

What’s more important to world oil demand- gasoline prices in the U.S. that are nearly $4 a gallon, or power rationing in China? To Americans, of course, it’s the former. But to world oil markets, the latter may be a far more significant indication of where oil prices will be heading this summer. At today’s [...]

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A $10-per-barrel drop in oil prices seems a curious response to the ongoing disaster at BP’s Deepwater Horizon wellhead, and to its potentially devastating repercussions on future world oil supply. But when the Dow loses 1,000 points in the same week, there’s obviously something else going on. If the world’s economic outlook is the same [...]

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New Price Peak by Next Year

Posted by Jeff Rubin on March 31st, 2010 under SmallerWorldTags: , , , , ,  • 19 Comments

What does $80-per-barrel oil say to you? Three years ago, it would have told you that global oil markets were at record tightness. Back then, the US president was making a personal pilgrimage to Saudi Arabia to vainly plead for more production. And economists were worrying about the implications for global economic growth. Today, it [...]

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It’s Wednesday, and the week’s US oil inventories numbers will soon be out. I have no clue what they will say, nor much interest, either. But others do. Exactly why oil traders and speculators think the data has anything to do with the state of world oil demand is beyond me. I suppose, like Pavlov’s [...]

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Don’t confuse North American voter skepticism about the recent farce in Copenhagen with indifference to environmental issues. Photo ops for local schmoes trying to make it big on a world stage don’t abate a single ton of carbon going out into the atmosphere, and neither does anything else coming out of that environmental summit. Nor [...]

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