Rhein on Energy and Climate

Archives for oil

The doubling of nominal oil prices is more effective in curbing climate change than the Kyoto Protocol and any climate policy measures taken so far. Politicians are therefore wrong and inconsistent when they try to dampen the impact of higher oil and gas prices. This goes for European heads of government or ministers, who propose… » read more

Posted by Eberhard Rhein

Many countries continue subsidising the use of petrol and fuel, among these most oil producing countries, China and emerging countries like India, Malaysia, Taiwan and Sri Lanka. The level of subsidies is generally quite substantial. Prices for petrol and fuel may be subsidised to less than half of, in the case of oil producers like… » read more

Posted by Eberhard Rhein

A barrel of oil todaycosts more than twice the price a year ago and 10 times as much as 10 years ago. Since the 1970s we have not seen such a steep price increase in such a short time. Understandably, this worries many people. Central bankers worry about the impact on inflation. The price of… » read more

Posted by Eberhard Rhein

$ 200/Barrel Oil?

The nominal price of a barrel oil has passed another magic barrier: $ 125 for the first time in history. It is no longer a question if the price of oil will reach the cap of $ 200 per barrel, but rather when. They are bound to continue their inexorable boom of the past 10… » read more

Posted by Eberhard Rhein

Arctic Illusions

The gradual melting of the Arctic ice cover offers attractive prospects for substantially shorter shipping lanes between Europe and the Pacific. That may become a welcome by-effect of global warming. But it also raises speculations and appetite about what may be the last unexplored and non-attributed oil and gas reserves on our tiny planet. According… » read more

Posted by Eberhard Rhein

On April 22, 2008 oil prices have reached a new record. For a moment, the barrel of 159 litres of crude oil traded in New York at $ 120! That is 10 times the oil price 10 years ago and twice as high as nine months ago. The price trend is clearly upward, not because… » read more

Posted by Eberhard Rhein