Understanding oil production and oil consumption – step two

  There are two primary classification of producers when it comes to crude Oil. OPEC and non OPEC. Total expected production for 2010 as per EIA is expected to range between 85 – 86.3 million barrels per day. EIA consumption estimate for 2010 is between 81 – 91.6 million barrels per day. US and OECD…Read moreRead more

Crude Oil and Inflation – Interesting framework and analysis

  What is the impact of a change in crude oil prices on inflation? Two Thai analysts at TMB bank posted their insights and analysis based on the Thai economy at the Bangkok Post. An interesting article that walks through the framework used for the analysis and makes it possible for us to determine the…Read moreRead more