Oil prices have bounced more than 150 percent off their December 2008 lows, despite the fact that inventory levels remain at historically high levels.
November 5th, 2009 | Evan Smith | 1 comment | ContinuedResources
Commentary on global resources such as oil, food and energy, by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Crude Oil Becoming Much Harder to Find
And, yeah, I guess we need SOME crude oil, cause our Priuses cannot ALWAYS run on electricity. So I guess its fine to use crude oil if we have to, as long as we can obtain the oil in an ecologically friendly way…
November 5th, 2009 | Eric J. Fry | 4 comments | Continued
Peak Oil – The Rewards
Our story begins with “Peak Oil” – the belief that conventional production of crude has already peaked, and has already slipped into an irreversible decline.
October 29th, 2009 | Byron King | 0 comments | Continued
Peak Oil – The Risks
Yes, the worldwide total output of what we generically call “oil” has risen – slightly – in recent years. But that’s because there are increasing volumes of natural gas liquids (NGLs) in the mix…
October 28th, 2009 | Byron King | 0 comments | Continued
Supply of Conventional Crude Oil is Very Close to its Peak
Yes, various governments are now promoting alternative sources of energy and over the following years, we expect this drive to intensify.
October 27th, 2009 | Puru Saxena | 4 comments | Continued
Arab Wealth Pours Back into Dubai
“The real boom in Dubai really only kicked off recently. After spending some time here and chatting with those who live here, I would boil down the more important ingredients to these:…
October 14th, 2009 | Bill Bonner | 0 comments | Continued
Qatar Relies on Natural Gas Reserves While Dubai Leans on Trade and Finance
Qatar is a red-hot economy. Last year it grew around 18% and this year it ought to grow another 16%. We saw the headlines in the Gulf Times in the lounge while waiting for our transfer to Dubai.
October 8th, 2009 | Chris Mayer | 1 comment | Continued
Looking at WPL and Oil Side by Side
“A simple comparison of the Brent crude price and WPL (see below) shows how impressive Woody’s rally has been from the lows.
October 8th, 2009 | Dan Denning | 0 comments | Continued
A Look at Strategic Oil Reserves – Who’s Buying Oil?
As the US strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business.
October 1st, 2009 | Marin Katusa | 0 comments | Continued
Arable Farmland More Precious Than Gold
There is another candidate for “largest Chinese investment in Australia ever.” But this time, it involves an asset that is arguably more strategic than oil and more precious than gold. But before we get to that little drama in the Australian share market (and the five-year opportunity it represents), spare a thought for gold.
September 29th, 2009 | Dan Denning | 13 comments | Continued