Its been sometime since our last Oil overview (All about Oil, October 2004). Lets wrap up Oil Wednesday (Alternate title: We’ve Gone Oil Crazy!) with an overview of today’s info:
All about Oil (XOI chart)
Curious as to how oil companies have done over the past 2 years?
Answer: SpectacularChina’s Syndrome?
(commodity demand)
Much of the rise in Oil — as well as other commodities traces back to China. The people blaming terror premiums and speculators know not what they sayOil Demand versus Capacity
As Demand has grown, Capacity (Supply) has remained the same. Thats the textbook formula for higher pricesOil’s Lesser Role? Its all Relative
Its not the 1970s. But Oil is still a huge part of our economyWal-Mart versus Oil Prices
As Oil reached multi-year highs, Wal-Mart’s stock has tumbled to multi-year lows. That’s no coincidenceChina’s Thirst for Oil (and Cancer treatments)
An enormous thirst for cheap oil (especially dirty diesel) in what is rapidly becoming the world’s most polluted nation will create a Bull market for cancer treatmentsCapital Spectator & Christian Science Monitor
A very good blog dedicated to economics of oil; Also, several Christian Science Monitor articles that are quite insightful
The Strategic Petroleum Reserve
Its gonna get topped off this Summer (so what?)Oil Research Resources
If you want to do further research, here’s a good starting point
Hope you found some of this helpful . . .
Petroleum Day at The Big Picture
The Big Picture celebrated a Petroleum Day yesterday with some useful resources.
The immediate supply shortfall is not oil but refining capacity.
The immediate supply shortfall is not oil but refining capacity
wrong
Hey Barry,
Perhaps I overlooked it, but as significant as China is in the current oil cost run-up, another major factor has been the devaluation of the US$. Given the 40%-ish decline in the US$ versus the euro, producers need 40% more to adjust for US$ deflation. If the OPEC target was $25, they now need $40 to maintain their buying power.