freewillybird

Peak Oil, Crude Price and Equity Correlation

"in the end, it boils down to the health of the economy"

that's it in a nutshell....

The New Peak Oil: Peak Demand

Vikram, your last paragraph about Iranian crude stored in ships glossed over the fact that this was due to seasonal maintenence at the few foreign refineries which can process high sulfur crude. There are not many of the latter, hence the Iranian storage issue. You did NOT note the important sulfur issue, and implied the glut is generalized, while the article suggests that other OPEC countries (I would guess with the exception of VZ) produce more light crude. I question whether the Iranian situation is generalizable.

Oil Hits New Record - Is $125 Next, or $100?

Since they are not allowed to buy companies like Unocal, China is exchanging its central bank dollars for oil futures. The process can continue for quite some time. Do not expect relief anytime soon....