In my article, Understanding the Oil Cycle, I discussed the cyclical nature of the oil industry.
Colorado fears another boom-and-bust oil shale cycle, as in the early 1980s.
Here's a late-cycle performer that, should oil prices work their way higher again, could benefit.
Despite paying initial lip-service to the need to counteract the debilitating oil-price cycle by saving money during the boom years, he has virtually emptied the fund set up in 1998 for that purpose.
There will be further upwards price pressure from investors looking to cycle back into commodities, and particularly oil after the start of the New Year.
Oil markets will not escape this cycle, Miss Schels believes, until more refineries and storage tanks are built, and more fields developed a process that can take years.
In short, BP has chosen to go the safer route, the profit route, and bite the bullet until the oil spill washes over and a new media cycle begins.
The cycle repeated: Exploration was sharply reduced, and the price of oil started moving up again.
In cyclical sectors like steel, coal, copper, or even aerospace and oil I can model average earning power over a full cycle or even use a discount table on assets in the ground.
Not even oil, the archetypal industrial commodity, quite conforms to the super-cycle theory.
The combination of oil dependence and production constraints set up a self-sabotaging boom and bust cycle.
The British production cycle is nearly complete, and it is substantial, equivalent in energy content to the cumulative Saudi oil production.
The stock market is selling off today on inflation fears and worries that any higher oil prices could also cause slower economic growth, and that could get us into this stagflation cycle that you may have heard about.
While iron ore, metallurgical coal, copper, and crude oil faced temporary supply side disruptions that boosted prices excessively, the longer-term, commodity super cycle remains intact.
FORBES: BHP Billiton's Commodity Outlook Shows Supercycle's Intact
Natural gas emits 29% less carbon dioxide than oil and 45% less than coal, and it can be used in high-efficiency combined cycle power stations.
Company executives expressed hope that oil directed activity and the presence of large international players and credit availability will sustain the North American cycle over a long period of time.
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