This post is an update and slight expansion of my previous post In Bakken (ND) it is now mostly about McKenzie County about developments in light tight oil (LTO) extraction in the Bakken/Three Forks formations in North Dakota. It also includes a little about developments in LTO extraction from Bakken/Three Forks in Elm Coulee, Montana.Continue reading “THE REVIVAL OF MOUNTRAIL’s ”OLD” SWEET SPOTS”
Tag Archives: oil price
CENTRAL BANKS’ BALANCE SHEETS, INTEREST RATES AND THE OIL PRICE
In this post I present a more detailed look at developments in central banks’ balance sheets, interest rates and the oil price since mid 2006 and as of recently. Paper and digital money are human inventions. Most people truly believe it is money that powers the society and their lives because they have never hadContinue reading “CENTRAL BANKS’ BALANCE SHEETS, INTEREST RATES AND THE OIL PRICE”
GLOBAL CREDIT GROWTH, INTEREST RATE AND OIL PRICE – ARE THESE RELATED?
For some years my general understanding has been that the price formation for most commercial traded materials/products/items (including oil, which is paramount for all economic activities) is very much related to credit/debt growth, total debt levels and the interest rate (the price of money which also is a measure of credit risk). In an effortContinue reading “GLOBAL CREDIT GROWTH, INTEREST RATE AND OIL PRICE – ARE THESE RELATED?”