Oil prices back up, averaged $111 in 2011

For my ultimate post of 2011, I would like to write about something that was little to not noticed at all, yet as crucial as the increased importance of extreme weather events : oil prices were at their highest average ever this year. According to some research carried out by the Cambridge Energy Research Associates… Continue reading Oil prices back up, averaged $111 in 2011

Oil : the headlong rush

In French, we have an expression, ” la fuite en avant “ which can be explained this way : “A fuite en avant is something one does when one is in a losing situation, and one hopes to salvage it by doing more of the same or worse.” Not that I want to delve into… Continue reading Oil : the headlong rush

Oil prices reach $120

Only two months after reaching $100, oil prices reached $120. As the AFP notes: ” Oil prices surged to new heights Monday, with Brent crude topping $120 a barrel for the first time since August 22, 2008″ It took very little time back to 2008 for oil prices to reach $140 once they had reached… Continue reading Oil prices reach $120

Oil prices could reach $220 this year

If you think gasoline is too expensive, you haven’t seen anything yet… To the Wall Street Journal : ” Nomura Securities says that if Algeria joins Libya in the land of chaos, oil prices could shoot to $220 a barrel. That’s in a worst-case scenario.” “To back up that headline grabber, Nomura compares the current… Continue reading Oil prices could reach $220 this year