The Prices of USD, Oil, and U.S. Fiscal and Monetary Policies

Oil is priced in U.S. Dollar (USD or US$); therefore, the oil price becomes strongly linked to fluctuations to the strengths and weaknesses of the USD. The USD is the world’s dominant reserves currency, and changes to its exchange rate are closely linked to the monetary policies of the U.S. Federal Reserve (the Fed inContinue reading “The Prices of USD, Oil, and U.S. Fiscal and Monetary Policies”

Bakken, Something About EURs, PDP Reserves and R over P Ratio

Proven reliable methods on the Estimated Ultimate Recovery (EUR) for any well (or other agreed parameter like EUR for the average well of specified vintage populations for plays, fields, companies or other) is crucial to make estimates on remaining Proven Developed Producing (PDP) and Proven UnDeveloped (PUD) reserves which are the linchpins for assets backedContinue reading “Bakken, Something About EURs, PDP Reserves and R over P Ratio”

The Price of Oil

Crude oil is the world’s biggest and most important traded commodity. In some earlier articles, like this and this, I explored for relations between the oil price, the world’s credit creation and interest rates. This is a continuation of my exploration of how the world’s credit creation affects the structural level of the oil price.Continue reading “The Price of Oil”