Tag Archives: oecd


Commentary from Black Gold Readers

Editor’s Note: Thought that there might be interest in commentary from readers, after reading the article “Samuel Foucher, logi Energy: Peak Demand or Peak Consumption? A Look at the OECD Demand” Let us know what you think! Gail the Actuary on November 11, 2009 – 10:17am Thanks, Sam! This is really a nice post. Explains a piece of the puzzle […]

Samuel Foucher, logi Energy: Peak Demand or Peak Consumption? A Look at the OECD Demand

Standard economic principles have demonstrated that price is a function of supply and demand. The same is true for the recent oil prices fluctuations we have witnessed over the last few years, namely the adequation between supply and demand. However, the following conundrum has not been resolved: are oil prices high due to greater demand or too little supply? This ambiguity allows for vastly divergent interpretations of the same data and depending on the agenda you are trying to push, will easily support either. Continue reading →