Why are oil prices going up?

WTIC Oil and SCO, 2012 year to oil, daily

Although some point to the “Iran premium” as a driver of recent oil price increases, others disagree, saying there appears to be little evidence such concerns are causing oil prices to rise. The chart above illustrates an increase of almost 7% YTD in oil [...]

Natural Gas – what’s not to like?

Spot price of natural gas compared to oil, Janurary 2009 to February 2012

With proven global reserves of 175,400 in billion cubic meters (2006), Natural Gas is being touted as the energy alternative that will free America from it’s dependency on foreign oil. Sometimes called the cleanest fuel source available, the by-products of [...]