The JODI-EIA Divergence
This is a follow-up on a discussion started by Darwinian (Ron) in the Drumbeat that I think is significant and deserving more eyes. Lately, looking at the EIA data we have seen new production records in all the categories (see post by Gail here for a d...
Crude Oil and Liquids Capacity Additions: 2011-2015
This is a guest post by J. Michael Bodell and myself. Michael is currently an energy consultant operating as Aperio Energy Research. Mr. Bodell is the in-house expert on oil and natural gas market fundamentals for Strategic Energy Research & Capital, L...
A New Geopolitical Jevons Paradox? A Look at Non-OECD Oil Demand
This is part 2 of my post
on oil demand. This time I look at the
Non-OECD demand and how it may impact global oil demand. Based on data
from the
2009
BP Statistical Review, the OECD oil consumption in
2008 decreased by -3.2% while demand within emerging economies
increased by +3.1%. The report also indicates that oil production from
OECD
countries has been...
Peak Demand or Peak Consumption? A Look at OECD Oil Demand
Standard economic principles have demonstrated that price is a function of supply and demand. The same is true for the recent oil prices fluctuations we have witnessed over the last few years, namely the equilibrium between supply and demand. However, the following conundrum has not been resolved: are oil prices high due to greater demand or too little supply? This ambiguity allows...
