Paradox of A Political Conflict
As far as I could remember, any conflict or impending conflict in the Middle East escalates oil prices almost immediately. At present, it is totally the opposite, oil prices even …
Survival of the Fittest
Oil and Gas prices continues to tumble. Some predictions say that it may go as low as $20. So how low will oil go? Paul Stevens, professor emeritus at the …
Prospects for 2016
In 2016, the prospect of an oversupplied crude oil market continues dropping prices down further. Records high for Russian crude oil production. U.S. crude oil exports to peak up. OPEC …
Shell plans 2,800 job cuts as U.S. oil around $35
The oil giant says in a release Monday that the job cuts, amounting to 3% of its workforce, come as the company finalizes its takeover of British-based BG Group. Source: …
Oil Prices Still Going Down, What is the absolute rock bottom?
“Could Oil Prices Go To $10/Barrel?” was posted yesterday asking what is the absolute rock bottom price for oil. There are lots of responses to the question. But to sum …
Drinking Distilled Water is More Expensive than Oil
If it is in the Middle East, this scenario will be true. I know that drinking water is more expensive than petrol on a volumetric comparison. However, on the world …