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.

G-7 Central Bankers Stymied By 'Crude Oil Vigilantes'

Nice analysis, but I have 2 questions that you did not cover. First, is the Fed worried about deflation (eg real estate deflation), and is this partly behind all these rate cuts? Second, given the liberal margin requirements for crude futures contracts, do you think that oil producing nations are bidding up the futures contracts to help their bottom line?