 | Wanted: Hard Data on Local Sustainability | The Oil Drum | Another Inconvenient Truth - A presentation you can download |  |
98 comments on Oil (CLZ07) settles above $93...and in the next month...?
Comments can no longer be added to this story.
| Show without comments | PDF version
98 comments on Oil (CLZ07) settles above $93...and in the next month...?
Comments can no longer be added to this story.
| Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
- What "Lower Consumption" Means
- Tricking and Treating the Future
- Meeting Energy Decline Part-Way - Potatoes?
TOD:Europe
- The US stimulus and "green jobs"
- EROWI - energy return of water invested
- An interview with Stoneleigh - the case for deflation
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- The Bullroarer - Saturday 7th November 2009
- The Bullroarer - Friday 30th October 2009
- Details of Solar Flagships Released
TOD:Net Energy
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“Every time I see an adult on a bicycle, I no longer despair for the future of the human race.”
—H. G. Wells, 1904
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
I picked 2, I think the recent price run up is not sustainable. Everything depends on the implementation of the production increase promised by OPEC and the stock level situation.
For oil trader types, the following is probably a short term sell signal, although we have never tested the "Yergin Indicator" as an indicator of lower oil prices, so we are in unexplored territory here. One could, in the alternative, argue that we may be looking at $200 oil with "one or two events." As I said--unexplored territory.
In any event, Yergin's comment is about as useful as saying "The oil market may be only six or seven dollars away from $100-plus oil."
LMAO westexas, I love your "Yergin Indicator". That guy certainly deserves to be ridiculed and marginalized (in a tasteful manner of course), especially if he continues the fantasy that we don't need to worry about our oil usage.
I picked the trading range for the next month, hoping for the price to build support before it shoots higher.
Clint
Guys,
Haven't you heard, the "invisible hand" is in our pant's pocket!!!
Bob Ebersole
Come on you guys, Bernanke votes #5. Watch the Fed news come wednesday.
Oil and gold are moving together. That tells you that it's the dollar.
Is it as much a "run up" in oil price as a "run down" in the value of the dollar? Gold is also "running up".
It looks to me like over a one year (or more) period it has been largely a dollar story, although i think oil is still up in a trade weighted basket of currencies.
Over a four year period, it is certainly an oil story. The price is way up in every currency.
That has been generally true. However, as of two weeks ago, even against the €, the price of oil has moved into new territory.
Even more interesting is what is happening on the spot market. When the market contract expires there is a bit of a difference between the spot market and the new front month contract (and it seems the contract price drives the spot price), but in the past week contract prices have been lagging behind spot prices.
I also vote for te declining dollar.
I'm not saying that there aren't supply (or demand?) problems, but that most of current changes are due to currency adjustments.