Tag: Oil

Oil, Oil, Who Wants Some Oil? Part 4: The Brent Crude Complex

by Sean Field and Mette M. High

When West Texas Intermediate (WTI) crude oil plummeted to a closing price of –US $37.63 on 20 April 2020, the spot price of Brent crude oil only fell to US $17.36. This striking price difference between these two rival crude oil benchmarks highlights important dynamics that pertain to not only the supply and demand of oil, but also the social construction of futures markets.

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Oil, Oil, Who Wants Some Oil? Part 3: Anticipating the Future and Financializing Oil

by Mette M. High and Sean Field

When the COVID-19 pandemic struck, demand for crude oil fell suddenly. The pandemic exposed the logistics and storage constraints of the US landlocked oil infrastructure that was oversupplied by domestic and imported crude. But it also raised fundamental questions about the role and importance of financial trading on the futures market.

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What Have Whales Got To Do With Fossil Fuels And Renewable Energy?

by Russell Fielding

Across the world, energy systems are making the transition from fossil fuels to renewables. This energy transition, unlikely as it may sound, is influenced in a small but meaningful way, by whaling. This post considers how findings from environmental research conducted in collaboration with a small whaling community in the Caribbean provide key evidence for the healthy and sustainable benefits of renewable energy systems, especially in the context of small island developing states.

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