Tag Archives: opec

The Sordid Politics of Inflation

Posted on October 28, 2022 by MN Gordon

President Joe Biden just crapped the bed. Again! The near octogenarian thought he’d struck a secret deal back in July. You may have seen Biden’s fist bump with Saudi Crown Prince Mohammed bin Salman at the time. The non-binding agreement called for increased oil production until at least December, after the midterm elections. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 24 Comments

Are You Prepared for $200 per Barrel Oil?

Posted on February 4, 2022 by MN Gordon

The popular theme among politicians and the ruling elites is that crude oil will enter a secular price decline as global demand turns towards renewable energy. What these eggheads don’t readily acknowledged is that such a transition takes time. Demand for oil will decline much slower than available supply, especially when investment in production is curbed. Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 28 Comments

The Oil Curse Comes to Washington

Posted on April 27, 2018 by MN Gordon

Prices rise and prices fall.  So, too, they fall and rise.  This is how the supply and demand sweet spot is continually discovered – and rediscovered. When supply exceeds demand for a good or service, prices fall.  Conversely, when demand … Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments

Doom and Gloom for North American Oil Producers

Posted on December 29, 2015 by MN Gordon

To the dismay of U.S. shale producers, oil prices continue their long slow slide into the abyss.  Perhaps the current price of $35 per barrel – an 11 year low – is the final destination.  More than likely, however, it’s … Continue reading →

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