SA Shelley, WH Luyties: OWOE is a small site, with just a few dedicated and experienced staff who follow energy technologies, economics and policies. Occasionally, OWOE bloggers dare to forecast energy developments that tend to be contrarian, and, much to everyone’s surprise, they have been very good at forecasting trends correctly and ahead of much larger analytical organizations. Are we that good at more quickly analyzing publicly available information along with some insight and soft analysis? Or do we have access to the dark arts such as whiskey and voodoo?Continue reading How good is the OWOE blogging staff?
Guest blog by S. A. Shelley: In the past few months, a lot of people around the world have probably wondered about why oil prices have again quickly and significantly fallen. I’ve argued in a prior blog at the beginning of this year that the world is awash in oil supply. Even though oil production is collapsing in places like Venezuela, Iran and Mexico, is in danger of collapsing in more places like Angola and Libya, and is politically constrained in places like North Venezuela (Canada), there still is plenty of oil to supply most global markets. The plentiful supply of course comes from surging production in the U.S., ample production in Russia and new offshore fields coming on stream in places like Guyana and Brazil. If you couple increasing supply with softening global demand for oil, you get such downward pressure on oil prices. So what’s with this nonsensical sport of shooting tankers in the Gulf of Oman?Continue reading A Tanker War in the Gulf Will Not Help Anyone