1977°C

New Cartel Announces the End of Cheap Gas

Russia is not a threat anymore as OIl/Gas is concerned, they are trying to bully in Ukraine ( there is pipeline that brings gas to Europe, about 25% of total demand ) and are showing up at OPEC but I think their mafia politicos are more busy now with coming default of government debt and their silly currency than with any cartels.
Russia makes it's social unrest controlable at Oil above 100$ and all it's commodities 100% above the curent prices, I expect something terrible will happen in Russia very soon and it will make Oil/Gas cheaper as they are scrambling and begging to sell their hard stuff for dollars.

Have Commodity Prices Reached a Bottom Yet?

The falls in commodities made many investors commit suicide or lose up to 90% of their wealth in few months, it all proves once more that all bubbles are nothing more but bubbles that reach crazy proportions to both sides, if Crude Oil could be 147$ why it can't be crazy at 15$?
If Gold was 1030$ why it can't be 200$ ?