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 Michaela in Paris
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Remember the days when western governments pressured OPEC to boost production, to keep oil prices below $100 per barrel? Seen at the Wall Street Journal (subscriber link): Meeting for the first time since March, OPEC ministers on Tuesday will face a quandary: With the world economy still on the ropes, do they really want to be seen [...]
In a couple of different venues, I’ve seen a desire expressed that “something” be done to rein in oil speculation, which is believed by some to be playing a non trivial role (in addition to demand/supply issues, and the weak dollar) in the high price of oil. I’ll admit, there is something appealing to the notion [...] 
Seen in the Houston Chronicle: If you think oil and gasoline prices are high now, they may seem cheap before long, according to CIBC World Markets Chief Economist Jeff Rubin. Rubin, who predicted three years ago that oil would reach $100 a barrel, thinks it will climb to $225 a barrel in four years. Gasoline could be [...]
I’ve been meaning to do some spreadsheet jockeying for quite some time now, to satisfy my curiosity about how much of the ongoing spike in oil prices is the result of a weaker dollar. The good folks over at the Washington Post have partially addressed my curiosity:
Clicking on the graphic will take you to [...] 
Remember all the fuss raised in mainstream and blogospheric media outlets when oil prices were bumping up against $100/barrel recently? I note that apparently only bad news merits attention. I haven’t noticed too much being said in those same outlets about recent developments. From the AP: Oil prices fell Thursday in Asia, extending an overnight decline of [...] 
Seen at the Guardian, and submitted without further comment: Asked if [Ryanair CEO Michael O'Leary] was concerned about the chill that appears to be spreading across the sector, he said: “Not a lot. In many ways we would welcome a chill or something even colder. “We would welcome a good, deep, bloody recession for 12 to 18 [...] |
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