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”

World Crude Oil Production and the Oil Price, August 2015

In this post I present some of my observations and thoughts about the developments in the oil price, supply and demand, exchange rates (relative to the US dollar), petroleum stocks and what near term factors are likely to influence the oil price. The price of oil (and other commodities) appears to have been influenced byContinue reading “World Crude Oil Production and the Oil Price, August 2015”