polishlogician

Iraq Production, Conservation Could Keep Oil Price in Check for Years

I think oil supply problems are exaggerated for speculative profit, I believe that Big Oil purposely capped Iraq at 1.5MM/bbl in line with OPEC quotas and on par with Iran's quotas, as well. We won't see increased production (6MM) nor any need for increased production, the price of crude may rise dramatically, but it won't be for lack of supply.

Where Will Oil End 2009?

...does anyone have an opinion on what Obama's strategy for petrodollars is going to be? That is, will he cozy up to Chavez and allow him to skirt the World Bank, as part of renewed Latin American relations; will he favor a range of oil to trade only in a band, say $50-60/bbl like Clinton to appease OPEC, Russia; or will he favor lower oil across the board if only in the short-term as a means towards stimulus (I wouldn't say long term as I personally think he'd have to help prop up the price by the end of the year)?