maximax

Record High Crude: Free Markets Meet the Cartel

Agree with crossing the T, the energy section of seeking alpha has frequent lobbyist style contributions which are (in my experience) always factually and or logically wrong, and have no place on this website. People who make their living from the markets cannot be so dumb to buy into this nonsense. I stopped reading this article properly when that "Unlike the developed world, there little price elasticity in the demand for oil in these [PRC/India] countries." comment came along which is actually pretty early in the article. Right, so demand for petroleum products is elastic in the short term in the developed world? BS.