Browsing All Posts published on »February, 2015«

How cheap is oil today? / Hur billig är oljan idag?

February 4, 2015

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If one studies the price of oil between 1980 and the present day one can see that the price was lowest on 10 December 1998 at $9.10 per barrel. During the period 1990 to 2014 the average rate of inflation in the USA has been 2.59%. At that rate of inflation a price of $9.10 […]

Low oil prices may accelerate the onset of Peak Oil

February 2, 2015

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The “Peak Oil” dinosaur During the previous two weeks the oil price has hovered between $45 and $50 per barrel for American WTI crude oil and European Brent crude oil. It seems as though the downward slide experienced by the oil price during the last months of 2014 has braked. The question is whether this […]

ConocoPhillips and Occidental Post Losses

February 1, 2015

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For the first time since the 2008 financial crisis, ConocoPhillips, the nation’s third-largest oil and gas producer, reported on Thursday that it had lost money — $39 million in the fourth quarter in contrast to a profit of $2.5 billion the year before. And Occidental Petroleum, another large producer in United States shale fields and […]

The new Saudi king Salman bin Abdul Aziz al-Saud

February 1, 2015

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(Swedish in a separate blog) What would happen when Saudi Arabia’s King Abdullah died has been discussed for a number of years. Now, a week after his burial we can state that it is still calm in the nation and that the handover of power to Abdullah’s successor has not had a noticeable effect on […]