The Anatomy of Oil Decline

I spend a lot of words talking about oil decline without explaining what it is or how it works… well. If you’re looking for a slightly more technical take… here’s one on Cantarell.(Gerson Lehrman Group) An average well in 1981 would produce 29,000 bbl/day. Development continued with production coming from many of the fields including […]

Here we go again… Oil Price Speculation or Real?

CNBC.com this morning has an article that I wasn’t expecting until at least August this year. But here it is all the same. The topic? Oil Prices Resist the World’s Recession Trend Their main point: The resilience shown by the oil markets is not because of any improvement in the global economy or rise in […]