I agree with the target at either side of $100; given marginal production costs at the most expensive conventionar fields of $70-80, that leaves a significant geopolitical risk premium in the price. I have analysed the Peak Oil hysteria in depth in my finance blog, and absent a major hurricane, the path looks a one way bet after last week's technical carnage.
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I agree with the target at either side of $100; given marginal production costs at the most expensive conventionar fields of $70-80, that leaves a significant geopolitical risk premium in the price. I have analysed the Peak Oil hysteria in depth in my finance blog, and absent a major hurricane, the path looks a one way bet after last week's technical carnage.
Jul 21 09:55 am
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All Comments by Sean Maher »Benefiting from the Oil Correction [View article]