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Where is oil demand growing the fastest?

Standards of living aren't the only thing rising in so-called BRIC countries (Brazil, Russia, India and China): along with a growing middle class, developing economies are also seeing a growing demand for oil. While oil consumption is steady or dropping in many developed nations, it's rising rapidly among non-OECD (Organization for Economic Cooperation and Development) countries.…

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Why are oil prices going up?

In the good-versus-evil, broad-brush-strokes world of modern politics, it's always someone's fault when the price of oil -- and, consequently, prices at the pump, grocery store and elsewhere -- goes up. Back in fact-based reality, though, the truth, as always, is far more complicated. So why is West Texas Intermediate crude at a nine-month high of…

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How much oil is left?

Greenbang CEO Dan Ilett posed a simple question to our team over the weekend: "Guys -- how much oil is left?" Here's how our subsequent discussion went: Shirley Siluk Gregory, Senior research analyst: That's the trillion-dollar question, isn't it? Here's what the International Energy Agency's latest World Energy Outlook in 2010 said (see attached IEA graph on oil reserves…

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