Free Republic

A multi-part series investigating New Mexico’s energy revolution and its impact on schools, roads, water, wildlife and the state budget. Individual stories:Part 1 - Boomtown: Oil surge reshapes life in New MexicoPart 2 - NM lawmakers wrestle with a budget bonanzaSoutheast NM seeks a fair share of the oil moneyPart 3 - Oil and gas another piece in New Mexico’s water puzzleBalancing Energy Leases and Wildlife HabitatMethane emissions a numbers game in New MexicoPart 4 - Four Corners is the flip side of NM’s energy revolutionPart 5 - Major slowdown expected in U.S. shale oil production

The OPEC 2015 World Oil Outlook came out a few days ago. They basically produce two outlooks, a medium term outlook to 2020 and a long term outlook to 2040. I found their medium term outlook pessimistic in some cases too optimistic in others. But I found their long term outlook to be wildly optimistic… in most cases. In all cases below I chart crude when it is available and “liquids” only when no other option is available. The data is in million barrels per day.

Myles UdlandJanuary 25, 2015 Good evening! The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel.(snip)(snip)

On Thursday, oil prices crashed. And on Friday, shares of oil companies around the world followed suit. Here were some of the biggest losers on Friday: BP (BP), down 5% Royal Dutch Shell (RDS.A), down 6% Total (TOT), down 5% Statoil (STO), down 14% Exxon Mobil (XOM), down 5% ConocoPhillips (COP), down 9% Marathon Oil (MRO), down 13% Occidental Petroleum (OXY), down 7%

Gold Rout Continues By CLEMENTINE WALLOP, BIMAN MUKHERJI and FRANCESCA FREEMAN Gold continued to take a battering on the spot market Monday, shedding nearly another $100 per troy ounce after weaker than expected data on Chinese first quarter growth sparked a new wave of selling on concerns that China and India, the world's two biggest buyers, may slow purchases. The price of gold slumped to $1,400 an ounce in what appears to be panic selling after China’s first-quarter growth came in lower than expected. Other markets were also hit, with silver and other commodity prices and currencies like the Australian...