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Saudi Arabia Hesitant to Join OPEC in Production Cut
Despite earlier pledges to hold oil output steady, the Organization of Petroleum Exporting Countries (OPEC) yesterday (Wednesday) announced that it would cut production by 520,000…
11Sep2008 | Money Morning | Comments Off | ContinuedSupply and Demand Shape Commodity Markets
The commodity bull market has a long way to go. This bull market is not magic. It’s not some crazy “cycle theory†I have. It…
25Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedSaudi Arabia’s power struggle
America is not alone when it comes to Peak Oil versus cornucopians. Saudi Arabia has its own factions, each led by former executives at Saudi Aramco.
Today’s edition…
30Jun2008 | Desidooru Saloon | Comments Off | ContinuedEnergy Q&A Part I: Peak Oil and Oil Price Spikes
Q: “I saw you on Fox Business News. You said that you think the price of oil is too high and will come down. You…
19Jun2008 | Energy and Oil | Comments Off | ContinuedSaudi Arabia’s Promise to Open the Oil Spigot is Nothing But Spin
First it called for a meeting of oil producers and oil consumers.
Now Saudi Arabia has proposed a boost in oil production.
At the end of the day, however,…
17Jun2008 | Money Morning | Comments Off | ContinuedSaudi Arabia Agrees to Increase Oil Output After Crude Hits Another New High
Oil soared to yet another record high on Friday after Goldman Sachs Group Inc. (GS) raised its price forecast for the second half of the…
19May2008 | Money Morning | Comments Off | Continued
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