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Posts Tagged "oil prices"

Observations

Are high food prices fueling revolution in Egypt?

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Even with government subsidies and ration cards for bread, the true price of wheat in Egypt is nearly 30 percent higher today than it was a year ago—thanks to global prices for that staple cereal that have increased nearly 80 percent in the same span. In more common terms, that means 5 piester (less than [...]

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The impact of low oil prices on state tax revenues

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Despite a slight uptick since January, global oil prices are still half of what they were a year ago. These low prices have benefited consumers by dropping the price of gasoline and diesel across the United States. But, for oil-producing states, these lower oil prices mean decreasing tax revenues that will be difficult to offset [...]

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Taking a closer look at the global oil supply/demand balance

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Global oil prices are at their lowest levels in six years. Supply is up and demand increases are sluggish. According to the International Energy Agency (IEA) oil prices have crashed by 60% since June. In Wednesday’s “Visualizing a global price oil crash in three charts” I discussed the IEA’s latest oil market report and their [...]

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Visualizing a global oil price crash in three charts

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Since last summer, global crude oil prices have dropped by about 60%, from upwards of $110 to the current $45 per barrel. According to the International Energy Agency (IEA), the heart of this crash lies in simple supply and demand economics. That is, the fact that supply has surged far far ahead of demand. On [...]

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