Publications: The Petroleum Economics Monthly
Quantitative Easing and the Creation of the World's Oil Sponge (February 2015)
Through arbitrage, the United States is becoming the world’s oil sponge. Global oil supply exceeds global oil use by around two million barrels per day. The excess oil must go into storage. More than half of it seems to be making its way into US tanks or leaving the United States as product exports. At some point, the oil stocks must be sold and the sales will put downward pressure on prices. As we explain in this report, the selloff could be prompted by any one of several events.
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- The Petroleum Economics Monthly
- The Failure of Traditional Oil Market Fu...
- Will Investor Aversion Bring Higher Oil ...
- The Hedge Fund War on Fracking (August 2...
- IMO 2020: Implications for Crude (Januar...
- Understanding Price Behavior During Oil ...
- $200 Crude, the Economic Crisis of 2020,...
- IMO 2020: Economic Prospects (June/July ...
- Brent Is Dated (November/December 2017)
- The United States: Center of the Global ...
- A Tale of Two Markets (September 2017)
- The Triumph of Markets (August 2017)
- Twilight of Big Energy (July 2017)
- Failure to Learn from History: The Produ...
- A Lesson in Disruption (May 2017)
- Putting a Finger in the Oil Market Dike ...
- Oil's Johnny One-Note (March 2017)
- The Don Quixotes of Oil (February 2017)
- Markets Take Over (January 2017)