Here's the larger context of the last decade, along with spot price (blue, right scale).
Friday, August 13, 2010
OPEC Concurs on July Oil Supply Increase
Here's the larger context of the last decade, along with spot price (blue, right scale).
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2 comments:
EIA's latest shows an uptick in Saudi production in May.
An attack on Iran is looking more & more likely before next summer and at least some of the Arab states would like the US to deal the blow. I wonder if they will flood the market through out the period of likely hostilities. i.e. Abandon the $70+ plus target.
This piece is in depth & good.
The Point of No Return
March could be tense.
Weren't it for the debt, I am not sure we could afford 80 dollars per barrel. Stoneleigh says deflation is here, so the oil prices will go down, so investments will cease etc..
I would be interested in global debt chart, though it may be difficult to obtain...
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