Oil

Oil, Oil, Who Wants Some Oil? Part 5: Betting on the Future

Oil, Oil, Who Wants Some Oil? Part 5: Betting on the Future

by Sean Field and Mette M. High

In May 2020, the two main financial regulators in the United States (the SEC and CFTC) launched investigations into the multi-billion-dollar US Oil Fund (USO). Over the last decade, USO has attracted huge numbers of private household investors eager to invest in oil. Its shares are easily bought and sold on internet trading platforms and the share price closely tracks movements in the spot price of the West Texas Intermediate (WTI) crude oil benchmark. But USO has been a volatile investment proposition.

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

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.

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

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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