Wall Street Breakfast: Must-Know News [View article]
""Global oil exports shrunk by 2.5% in 2007, despite 57%-higher prices -- seemingly defying logic. ""
It doesn't defy logic when you subscribe to the peak oil theory. Just about all oil exporting nations are suffering from declines in their rate of pumping out their oil. Fact is..North Sea is in decline, Mexico also, etc. etc. Therefore, less oil to ship. Price has nothing to do with it.
Wall Street Breakfast: Must-Know News [View article]
It doesn't defy logic when you subscribe to the peak oil theory. Just about all oil exporting nations are suffering from declines in their rate of pumping out their oil. Fact is..North Sea is in decline, Mexico also, etc. etc. Therefore, less oil to ship. Price has nothing to do with it.
Wall Street Breakfast: Must-Know News [View article]