James is the Editor of Econbrowser – a popular economics blog that Analyses current economic conditions and policy.
West Texas Intermediate sold for $105 a barrel at the start of July, but ended last week at $58. The most important factor has been…
The world is awash in oil, I’m hearing. The problem is, it’s fairly expensive oil. Take for example Canada. The country that has managed to…
For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But…
Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds…
For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20…
Here’s the introduction to a new paper I just finished:This year the oil industry celebrated its 155th birthday, continuing a rich history of booms, busts…
Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the…
The group is calling itself the Islamic State of Iraq and al Sham, translated as the Islamic State of Iraq and Greater Syria, or ISIS.…
How has the world managed to increase both population and living standards on a finite planet?A key feature of raw commodities is that they are…
Newly exploited tight oil formations account for more than 100% of the increase in U.S. field production of crude oil since 2005. But that doesn't…
The growing likelihood [1], [2], [3] of U.S. military action in Syria seems to be one factor in the recent sharp rise in oil prices.Source:…
We've been seeing oil over $100 a barrel and gasoline above $3.40 a gallon for much of the last 3 years. Those prices would have…
"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society", writing:Those behind the…
Emissions of carbon dioxide from fossil fuel consumption in the United States have fallen remarkably since 2008, with recent levels the lowest since 1995. Here…
With domestic oil production soaring, and petroleum and coal sector profits rising at a rapid clip, now seems the right time to cut back on…
The EIA last week released a nice summary of planned additional U.S. pipeline capacity.The reversal of the Seaway Pipeline began last May to carry 150,000…
Here I comment on some recent developments affecting the prices of WTI, Brent, and gasoline.West Texas Intermediate is a particular grade of crude oil whose…
Those who have been told that oil production is booming may be wondering why the prices of oil and gasoline are climbing again.Price of Brent…
With the stock market setting new 5-year highs, I was interested to take another look at some of the long-term fundamentals underlying equity values.On the…
I attended the American Geophysical Union meeting in San Francisco two weeks ago at which I heard a very interesting presentation by David Hughes of…