Stories tagged with "stoneleigh"

Oil price: where next? - and thoughts for 2010

Posted by Euan Mearns on December 18, 2009 - 2:03pm in The Oil Drum: Europe
Topic: Economics/Finance
Tags: basket case britain, demand, forecast, oil prices, phil hart, quantitative easing, stoneleigh, supply [list all tags]



Figure 1 Oil supply - demand - price chart, Jan. 2002 to Nov. 2009. See text for explanation. Click to enlarge and open in separate browser window.

In February this year, global oil production / demand hit an interim low of 84.0 million barrels per day (mmbpd) and the average price of West Texas Intermediate (WTI) that month was $39.16 / bbl. Since then, demand has recovered to 85.9 mmbpd in November and the average price was $78.08 / bbl. A rise in demand of 2.3% has led to an oil price rise of 99.4%.

Full explanation of the chart and a discussion of what 2010 might have in store is below the fold.

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An interview with Stoneleigh - the case for deflation

Posted by Euan Mearns on October 31, 2009 - 10:57am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: crash, deflation, depression, economics, stock market, stoneleigh [list all tags]

At the ASPO conference in Denver, October 2009, I had the good fortune to meet Stoneleigh, former editor of The Oil Drum Canada, who left the The Oil Drum crew with colleague Ilargi to set up The Automatic Earth where they publish stories, news and analysis of the unfolding financial crisis. I spent a couple of days chatting with Stoneleigh where she recounted her rather gloomy prospects for the immediate future of the global economy. The following interview is a summary of her analysis of the unfolding situation. Note that in a departure from convention, my questions are set in "blockquotes" to distinguish these from Stoneleigh's responses.

Stoneleigh, the world economy seems to be suffering from two great structural woes at present, namely stubbornly high energy prices that are linked to demand that is persistently ahead of the supply curve, and a level of debt that has destabilized the global finance and banking systems. Can you explain for us the scale and structure of this debt and to what extent write-downs and quantitative easing (QE) have solved this problem?

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Resurgence of Risk - A Primer on the Develop(ed) Credit Crunch

Posted by Nate Hagens on October 10, 2008 - 10:10am
Topic: Economics/Finance
Tags: bankruptcy, credit crisis, deflation, primer, stoneleigh [list all tags]

This is a post run just over a year ago, by emeritus TOD contributor Stoneleigh. It was instructive as much as it was prescient so I wanted to give its author a public hat tip. Both Stoneleigh and her writing partner Ilargi at The Automatic Earth have had a consistently, and unabashedly phenomenal call with respects to the financial and debt crisis. It is certainly not over, but we now begin to see the impacts that a financial crisis may have on future energy supplies - it's like losing the battle as well as the war. Still, the quickness of the deterioration in the economy may be a blessing in disguise - more resources left in ground for some better planned use.

Below the fold, a reprint of Stoneleigh's excellent primer on the credit crisis. Right about now is when it starts to impact the energy world.

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