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IEA's Oil Market Outlook: Off the Mark

It seems it will take wrecking the world economy to bring down the price of oil. What is the point of that?

Investors Look to the Fed for Signals on Inflation and Interest Rates

The weak dollar is just one of at least three factors setting oil price.
A 25 point hike could move oil down to $120 but if supply tightens or Nigeria or Iran issues flare up we will be right back to $135 or higher.

Saudi Oil Meeting Scenarios

OPEC does not want the high price to encourage major exploration and production (E&P) projects that would reduce our reliance. USA companies are afraid the price will drop after they committ to expensive E&P. The oil still oozes out of the sand; we gotta dig through the ocean. THis is the stalemate. Canada is not part of OPEC and supposedly they have huge potential with sand oil. Wh not work with them?

$125 Oil Not Sustainable for the Time Being

T. Boone Pickens offered a very simple analysis: supply is 86 million barrels/day and supply is 85 million barrels/day.

My opinion:As long as demand exceeds supply, futures traders can put te price higher, what is there to stop them? Once supply is greater then demand and the futures traders want to go short in mass then the price will drop.