Tag: Oil Price

Unconventional Oil Assets in Bankruptcy Reorganizations

This note is a sequel to the blog I posted in April 2015 that examined the connection between Federal Reserve policy and the collapse of the oil price. The conclusion in that blog post was that the policy of Quantitative

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Oil Price Puts a Hold on Sasol’s Westlake GTL Project

With crude oil prices hovering around $50 – $60 per barrel, Sasol announced on Jan. 28 2015 that they are delaying a final investment decision on their proposed 96,000 bpd GTL Project in Calcasieu Parish, Louisiana. This GTL project is

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US Monetary Policy, Junk Bonds and the Collapse of the Oil Price

The twin technologies of directional drilling of wells and fracturing rock formations to stimulate recovery of oil and gas are widely known and have been utilized for decades in the industry. It is only relatively recently that these technologies have

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Easy Money Possible at Cushing!

In the days of high gas prices in the US, 2003-08, many companies made easy money by taking advantage of price swings between the summer and winter months. They would buy low priced “physical” gas in the summer months and

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Oil Prices: The Eisenhower Principle

Plans are worthless, but planning is everything. That is how United States President Dwight Eisenhower explained his management philosophy as the Supreme Commander of the Allied Expeditionary Force in Europe during the Second World War. He proceeded to

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Oil, Money, and Pemex

Last week I attended the Oil & Money Conference in London, one that brought together a broad group of senior industry executives with specialists in petroleum markets, economics, geopolitics and finance. Energy Intelligence and the International New York Times sponsored

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Oil, Arab Spring, and Unforseen Consequences

In December 2010, analysts predicted a rise in oil prices when “Arab Spring” began with public demonstrations in Tunisia. As more countries joined the movement, it seemed like a safe bet. History shows that political instability in oil producing countries always

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