June has been a whirlwind of activity at Summit, and I’ve had trouble keeping up with everything going on. (Not that this is different than any other month, but I digress.) In the midst of all the standard nuttiness were some speaking gigs by Summit folks who are pretty well known as experts in their fields. continue
Category: Crude Oil
When thinking about energy markets (oil and gas, in particular), it’s pretty easy to focus on the states where oil/gas are commonly associated: Texas, Louisiana, and the Gulf of Mexico in general. However, when talking about these markets it’s important to get a feel for the other areas in the United States that are important both currently and historically. Hence: Energy, USA. continue
Markets are everywhere. For instance, I’m currently petitioning my cell phone service provider to let me start a market for unused rollover minutes (I’m fairly confident that I have the length of my lifespan in unused minutes at this point). Much more interesting than the markets themselves is how they impact our everyday lives. In today’s world of increased interactions, a small movement in something as discrete as the price of rubber in China can translate into a jump in the price of a basketball at the Wal-Mart down the street.
These relationships aren’t always observed, but are felt in everyday life. Some are complex, but most can be pretty straightforward once you break them down. As the title implies, I’m going to take a look at a couple of those relationships in the energy markets. More specifically, how a rising (or falling) energy market can push the bill you pay at dinner higher (or lower). More often than not, we discuss how energy prices affect a business. However, more often than not, it is the individual consumer who is overlooked in this industry. Hopefully this will shed some light on how individuals are truly impacted by this market and stir some interest in more examination of the energy market by the reader. continue