The thing that is really troubling about the international oil market is that any wild Iranian or corrupt Israeli official can make an off-the-wall statement about going to war and oil prices go wild. This is unprecedented power over the markets by irresponsible and unaccountable nitwits!
There is only one solution to the oil crisis: reduced oil consumption. This, like most homo sapien solutions, will involuntarily occur. There is no forseeable replacement for oil in the quantities we have grown accustomed to using. We are entering uncharted terriroty - to coin a phrase.
Interview with Kitco's Jon Nadler (Part I) [View article]
Interview with Kitco's Jon Nadler (Part I) [View article]
Energy and Metals Charts [View article]
Why Did Crude Oil Spike So High? [View article]