Crude awakening

Article Abstract:

The prices of crude oil have nearly quadrupled since 1998 resulting in decrease in demand, increase in supply and energy-saving policies in the industrialized economies. The Organization of Petroleum Exporting Countries (OPEC), the only significant source of large-scale reserves, has decided to reduce the production of crude oil due to the seasonal second-quarter decline in demand, despite the high prices.

Organization of Petroleum Exporting Countries, Management dynamics, Management, Organization of the Petroleum Exporting Countries, Company business management

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School of hard shocks

Article Abstract:

The oil shocks of 1973 and 1979 are discussed which was apparently a result of economic mismanagement by Whitlam's Labor and Fraser's Coalition parties in handling the oil shocks. It is believed that by focusing on the potential inflatory impact of higher oil prices, Treasurer Peter Costello may well be making the same mistake.

Australia, Forecasts, trends, outlooks, Analysis, Economic aspects, Forecasts and trends, Inflation (Finance), Market trend/market analysis, Financial markets, Inflation (Economics)

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All that glisters is not gold or oil

Article Abstract:

This article presents a comparison of the performance of gold and crude oil as investment commodities. Relevant points include market manipulations that have distorted the demand and supply equation.

Column, Gold, Commodities

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