silverwood

What’s the Right Price for Oil?

As the author points out we better enjoy the cheap energy while it lasts. With the Saudis announcing cuts in production coupled with Oil companies in general going into servival mode, higher oil prices are just around the corner.

I read today an article that says the Dept. of Energy (DOE) has stopped filling the Strategic Oil Reserve as of June 08. He finds it baffling that the historic relationship of WTIC trading higher than Brent Crude has reversed. The explaination of this is market intervention by DOE. You can find the article here...news.goldseek.com/Gold...