Analysis Topic: Commodity Markets - Metals, Softs & Oils

The analysis published under this topic are as follows.

Sunday, August 07, 2005

Peak Oil and can Saudi Arabia come to the rescue ? / Commodities / Analysis & Strategy

By: Nadeem_Walayat

As crude oil hits ever higher, Peak Oil concerns are not new, having first been raised by M. King Hubbert, a Shell Oil geophysicist, over 50 years ago. In a now-famous paper written in 1956, Hubbert suggested that production rates for oil (and other fossil fuels) follow a bell curve: In new fields, clean, highly pressurized oil flows abundantly to the surface, and as new wells are drilled, production rates rise steadily. After about half the oil has been extracted, however, production rates start to go down. There's still oil left, but declining pressure, exhaustion of the best oil pockets, and increasing contamination bring it to the surface ever more slowly. Applying this production model to the entire United States, taking into account the rate at which new fields were being discovered, Hubbert predicted that oil production in the lower 48 states would peak around 1970 and then start declining. And the facts is that oil production in the USA DID peak in 1970, and has since gradually declined from some 9.5 million barrels a day, to days level of 4.6 million barrels a day.

Tuesday, April 12, 2005

Crude Oil Bull Market Running out of steam ? / Commodities / Crude Oil

By: Nadeem_Walayat

After the Crude Oil bull market set a new high of 58, the market has corrected lower to 53. So where will crude go from here ?

Wednesday, January 12, 2005

Commodities Bull Market - Trading the CRB Index / Commodities / Inflation

By: Nadeem_Walayat

The current correction in the CRB index presents an potential opportunity to buy into the Commodities Bull Market, as the CRB comes off new highs of 292, now down to 282.

Thursday, January 01, 1970

Market Minute: Oil Prices Start to Fall / Commodities / Crude Oil

By: Donald_W_Dony

The recent rise in oil prices (WTI) appears to have reached a crest in late April. The outlook now is for lower levels.

Light crude oil prices made an impressive rally in March and April largely due to production cuts from Russia and OPEC. Global demand was also expected to increase, according to the EIA.