protest

World War II was the last war the United States fought with a formal declaration of war. The wars fought since have had congressional approval, both in the sense that resolutions were passed and that Congress appropriated funds, but the…

Here's a fabulous look into the political economy of oil by Andy Lees. His view is that the era of cheap oil is over. But, more than that, natural resources as a whole are increasingly dear. And a world of dwindling natural resources has…

This morning's note from UBS' Andy Lees addresses something about which I am sceptical regarding the escalating Libyan conflict: global spare oil capacity. I am in the same camp with Jeremy Grantham. Call it peak resources, peak oil,…

Oil prices are moving higher today, due largely to news about Libya and OPEC. Algerian Oil Minister said that there was no shortage in the global oil markets and that an emergency OPEC meeting is not needed now. It also appears that…

Hugo Chavez as peacemaker? Color us skeptical. Chavez is hardly an impartial third party in this conflict, as he has cozied up to Qaddafi over the years. As such, we would not expect opposition forces to be very open to any sort of Chavez…

By Marin Katusa, Casey’s Energy Report The oil picture is always complex, but right now things are about as complicated as they can get. The unrest in Egypt has settled for the moment, but the future there is not yet clear as the…

The Absolute Return Letter, March 2011 By Niels Jensen “Experience is the name everyone gives to their mistakes” Oscar Wilde A remarkable month Two remarkable events unfolded during the month of February. One cleared…

Daniel Yergin is the author of the Pulitzer-Prize winning book 'The Prize', a stellar run through of the oil industry that is on Credit Writedowns' recommended reading list. Below is a twenty-minute interview of Yergin by the Wall Street…

Earlier in the week, David Rosenberg wrote that he is bullish on energy stocks due to the exogenous shock that tensions in the Middle East are creating in the energy complex. However, this is not a bullish story for overall U.S. growth or…

The upshot of all this is that oil prices will probably remain high and could very well rise significantly even from current levels. For the U.S., studies indicate that every $1 rise in the price of a barrel of oil is about equivalent to a…