October 2007 - Posts

• Twilight In The Desert

  Tuesday, October 30, 2007 9:13 PM
  

  No, the title above is not in reference to the celebrated book by oil analyst Matt Simmons (Trash talking footnote: Mr. Simmons is a highly regarded energy pundit, but I have better hair). The title instead applies to some shoot-from-the-hip statements Read More... Posted Tuesday, October 30, 2007 9:13 PM by Tom Kloza | 0 Comments

• Of Turks, and Young Turks

  Monday, October 22, 2007 5:53 PM
  

  Oil prices dropped today, and as per some unwritten rule, various wire service reporters took the bait and directly attributed the decline to news that Turkey would pursue a diplomatic solution, rather than send troops into Iraq in retaliation for an Read More... Posted Monday, October 22, 2007 5:53 PM by Tom Kloza | 0 Comments

• Investors' Oil Gains Translate Into Gasoline Marketer Pains

  Thursday, October 18, 2007 6:22 PM
  

  Monday will mark the two month anniversary of crude futures’ late August 2007 swoon. The closing price on August 22 for WTI crude futures was $69.26 bbl. Today, crude oil settled at $89.47 bbl , some $10.53 bbl short of Boone Pickens’ unbiased Read More... Posted Thursday, October 18, 2007 6:22 PM by Tom Kloza | 0 Comments

• Not Quite There Yet ... Oil's Last Inning of 2007?

  Friday, October 12, 2007 5:16 PM
  

  It is appropriate that crude oil hit an all time new high today and that WTI futures closed at their highest level ever - - $83.69 bbl . The second round of baseball playoffs is under way, and despite the early exit of my beloved Yankees, I will again Read More... Posted Friday, October 12, 2007 5:16 PM by Tom Kloza | 0 Comments

• Why $100 Barrel Oil Is Really Nothing New

  Monday, October 08, 2007 6:14 PM
  

  Usually, I take pains in quoting prices for crude oil in dollars per barrel, and allude to gasoline or diesel with cents per gallon references. But today, I’m going to make an exception, in the hopes of driving home a salient point that is constantly Read More... Posted Monday, October 08, 2007 6:14 PM by Tom Kloza | 0 Comments

• Discovering Oil's Top ... or Whoommph, There It Is?

  Monday, October 01, 2007 6:42 PM
  

  10/1 - - -Oil prices opened the tenth month pretty much like the N.Y. Mets ended the ninth month of the year - - they were sloppy and weak (confession: I am a Yankee fan). And there is some suggestion that the record highs are now part of the fossil record, Read More... Posted Monday, October 01, 2007 6:42 PM by Tom Kloza | 0 Comments