Friday, March 30, 2012
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Gorgeous Wind Visualization
Wednesday, March 28, 2012
Tuesday, March 27, 2012
Monday, March 26, 2012
Friday, March 23, 2012
Thursday, March 22, 2012
Wednesday, March 21, 2012
Tuesday, March 20, 2012
Mr Al-Naimi Beats Oil Markets with Jawbone Again
In a rather breathless top-of-website story, the FT's Guy Chazan writes:
Saudi Arabia’s powerful oil minister, Ali Naimi, made a rare intervention into overheating oil markets on Tuesday, declaring that high oil prices were “unjustified” and vowing that the kingdom would boost its output by as much as 25 per cent if necessary.Mr Chazan must not have been paying attention or he would know that Mr al-Naimi trying to cause the supply and demand curves for oil to intersect at a different place by jawboning them is a regular feature of the oil world. It usually has a rather small effect on the price that lasts a day or two. The thing that would actually affect prices, pumping more oil, he always rejects on the same tired grounds:
