The Buckinghamshiries are not helping

13 July 2006

The oil price has been badly effected by what looks to be a disproportional response to the frnge attacks on Israel.

So imagine that you live in the county of Yorkshire, and although you have never particularly liked the Lancastrian's you tolerate them because they are your neighbours, and if the truth be told Northerners are better than Southerners and that there is more that unites you than divides you. Then Ken Livingstone the London mayor comes along and says that he is going re-locate Buckinghamshire so that it sits directly on top of Yorkshire and Lancaster. Not surprisingly tensions rise, and over fifty years although no one likes war the bitterness runs deep. Suddenly in the space of two weeks, the Mayor of Lancaster (a war monger) attacks Buckinghamshire (just on the edge) seeing this the Yorkshire mob also attack. Buckinghamnshire, feeling aggrieved decide to respond with a disproportional response, this is not within the nature of war, but they have been persecuted for so long that the response has to be very strong.

None of this would matter if it wasn't for the fact that these three counties live and operate and are funded by one commodity, and this is a scarce resource that the rest of the world needs. As a result oil prices have risen vastly $76 and although many countries are immensely well stocked, the evidence is that these oil prices could continue to rise a bit further.


Oil  War and Terrorism 

Related Articles
100 % Oil price reaches record high  

04 March 2008


Oil price continue to climb spooking most markets.  read more...

100 % Oil prices continue to spook markets  

11 February 2008


Oil prices influencing gas and power along the curve.  read more...

100 % Oil worries continue to spook.  

24 April 2006


Oil prices are supposedly spooking markets, power and gas have remained oblivious to it. But if Rough storage is slow to comeback on cue with American oil demand increasing then expect big price rises in Q3 06.  read more...

50 % Dash for Gas - Pembroke and Isle of Grain  

15 January 2005


Power plants move down merit order.  read more...

50 % POWER PRICE UPDATE  

16 December 2004


At this time of year, traders are looking to square out positions in order to crystallize bonuses. They also look at next year, as to the clever plays in which they can make some money  read more...


other articles on Oil
Weather Forecasts and Iranian Threats  

27 January 2012


Forecast and outturn cold weather drove gas and coal prices this week which in turn had an impact on the power curve. Iran threatened to cut off crude supplies ahead of the EU's proposed July sanctions; a move that would impact EU nations as they seek to find alternative sources ahead of the import ban.  read more...

The downward trend comes to an end  

22 July 2011


The Power market was finally knocked of its downward slide on 19th July with oil and gas prices helping to break the trend. Oil received a boost from lower than expected stock levels (again) and hopes that a US debt deal could be reached. While a Eurozone Emergency Summit was held to rescue the Euro and throw a further lifeline to Greece.  read more...

Energy Curves regain some of the Losses  

01 July 2011


The energy markets have recovered from the 'plunging losses' seen earlier in June which dragged down fuel and power prices. Prices across the power curve all report strong week on week gains.  read more...

OPEC Fail to Reach Agreement  

08 June 2011


OPEC met on 8 June but failed to reach a consensus for the first time in 20 years -oil production levels remaining unchanged.  read more...

High Oil Price Threatens Economic Recovery  

20 May 2011


The International Energy Agency (IEA) releases statement urging OPEC to increase supply or risk derailing the economic recovery.  read more...


other articles on War and Terrorism
Oil price reaches record high  

04 March 2008


Oil price continue to climb spooking most markets.  read more...

Oil prices continue to spook markets  

11 February 2008


Oil prices influencing gas and power along the curve.  read more...

Fear factors and risk premia  

16 August 2006


Risk premia and fear will always effect markets one study suggests that $20 + is the risk premia in oil and whilst one doubts it as high in power and gas it is there. What is clear is that as the market stabilises, confidence grows and the risk premias fall.  read more...

Prompt stronger, but curve softer  

07 August 2006


Market ticking along waiting for fresh news, but what news that is out there is causing players to hold the length at the fornt and sell the backend.  read more...

Middle East explodes in the markets  

17 July 2006


The short term facts suggest that the market had to go higher, but this does not mean that we should see the back end of the curve rise inexorably as well. Some sellers are keeping a cap on the backend of the curve but the buyers also have to be disciplined.  read more...


Energy News by Date
2012 2011 2010 2009 2008 2007 2006 2005 2004
december november october september august july jun may april march february january
RSS Feed
Keep up to date on energy trading news.
Click here to subscribe
RSS
Day Ahead Electricity Prices

1y  6m  3m  1m
Powerisk Online
Powerisk Online tools and services.
Click here to login
Glossary
Glossary
Powerisk glossary of power terminology.
Click here for glossary
Glossary