Tag Archives: oil prices

Saudi Output Increases Made Irrelevant by Nigerian Problems

Posted by JD Thomas on June 22, 2008 in Techfun Comments Off

Despite the promises from Saudi Arabia, that increase in production will have no real effect on the fundamental supply of oil available to market. This week has seen attacks on the oil production infrastructure in Nigeria that has cost the African nation its position as the top oil producer in Africa. It is now #2, after Angola.

Refining the Oil Pricing Question

Posted by JD Thomas on June 12, 2008 in Techfun 2 comments

We talk about and complain about oil prices but what we are actually talking about are oil FUTURES prices. When it comes to the actual black sticky stuff, it comes in many grades and with many different qualities.