It has been over 160 years since a commercial quantity of ‘rock oil’ was found. Through much of that time, uses for its refined liquids gradually expanded, from lighting to fuel oil to gasoline and the automobile. Gradually petroleum became the energy source of choice, though coal and natural gas were large competitors. During World… Continue reading The Global Implications of Oil Price Renormalization (Part 3)
Tag: Russia
The Global Implications of Oil Price Renormalization (Part 1)
First, we have to understand some of the history and makeup of the commodity. In North America, from time immemorial, the Indians in the Western Allegheny area had skimmed oil seepage off the surface of the water and used it as a medicine. The settlers called it ‘Seneca oil’ after the local tribe and used… Continue reading The Global Implications of Oil Price Renormalization (Part 1)
Why Bother with Russia?
Updated from an earlier version published in May 2017 in factsandopinions.com. Like a lot of people in North America and Europe, I lived through years and years of paying attention to the Soviet Union, and later, Russia. It always seemed to me that this huge country, with the largest land area in the world, and possessor… Continue reading Why Bother with Russia?
Old Professor by the Sea 