Every time gas prices start to go up, my essay "Why Are Gas Prices Rising?" gets a lot of hits from Google searches by people looking for an explanation. Because the supply/demand dynamics have changed, that essay needs dusting off, especially in light of stories like this:...

As I recover from a backlog of work, one of the stories I plan to write is a post covering the top energy stories of 2008. Around that theme, Platts just put up a request for reader input on the top oil industry stories of 2008. Their poll runs ...

UpdatedGasoline inventories did in fact edge upward, as gasoline imports were very strong. Had that not been the case, gasoline inventories would have definitely come down, as utilization continues to trend down. In fact, just glancing over the data, more gasoline may have been imported this January ...

Updated:Not too much to get excited about. Those reports of some refineries coming down early for turnarounds due to low margins look to be accurate, given the drop in refinery utilization. That would also explain the rise in crude inventories, but typically you start to see gasoline inventories ...

With all of the traveling, and then trying to catch up after the holidays, I haven't had time to do a proper TWIP. Anyway, mostly what we saw for the past month were crude draws, and gasoline inventories climbing back up and getting in pretty good shape prior to spring ...

While I intend to write a post covering the top energy stories of 2007, Platts is asking for reader input on the top oil industry stories of 2007:The top 10 oil industry stories of 2007A lot of the listed stories would make both lists. ...

Updated: You would think if last week’s large inventory drop was due to fog-induced delays, all of that crude would show up this week. Not so, as another drop in crude inventories was recorded:U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 0.7 ...

Update following the release:Big surprises all around this week:Summary of Weekly Petroleum Data for the Week Ending November 30, 2007U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 8.0 million barrels compared to the previous week. At 305.2 ...

It's no big secret that I think oil prices ran ahead of themselves in the past couple of months. I don't think they should have cracked $90 this year (and despite mass amnesia by analysts, as of August 99% were in that camp as well). But today, WTI traded into ...

This is one case in which I was a bit slow to process the information. I heard about this pipeline explosion not too long after it happened, but the seriousness was not immediately apparent to me:Explosion At A US-Canadian Pipeline Sends Oil Prices To $95.17 A Barrel...