In this week’s readers’ Q&A session, Amrita Sen, oil analyst at Barclays Capital, answers your questions.
In this second of two posts, she discusses drilling in the US, national oil subsidies and growing demand from the Middle East.
Earlier, she answered questions on whether speculation is driving up the oil price, whether such an increase could trigger another recession and when “peak oil” might occur.
(NB – Because of a very high volume of questions, we were not able to tackle every question submitted. Apologies if yours was not answered.)
Next week, Michael Bromwich, director of the US oceans regulator, will be answering your offshore-drilling queries. Email questions to firstname.lastname@example.org by the end of Sunday, April 10th.
But for now, over to Amrita:
Firstly, an apology. We are still not ready to publish the Q&A session with Josh Fox. I will publish an update with a full explanation tomorrow (Tuesday), but for now, thanks for your patience.
While we wait for Josh’s answers, please start sending in your questions for Terry Duffy (pictured right) and Craig Donohue (pictured left), the chairman and CEO of CME Group, respectively.
The Chicago Mercantile Exchange is the home of the flagship WTI oil contract, and Duffy and Donohue are perfectly placed to answer all your questions about oil pricing: from why the spread between WTI and Brent is so high; to the possibility of a brand new flagship conquering the market; to what role speculators have played in pushing it up so high.
The deadline for questions is Sunday, February 20th, and their answers will be published on Friday, February 25th.