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The Saudi's were our friends...very past tense...They no longer feel threatened by Iraq...Saddam's departure ensured that they no longer had to abide by our rquests.
Apr 28 09:22 am
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All Comments by NOWHEREMAN »The Crude Oil Price Disconnect [View article]
Speculators do have an influence on trading...but they do not, as a norm, take physical delivery....inventorie... of most commodities are severely depleted...It takes years to replace them.
Natural Gas inventories are now near 4 year lows...are the speculators taking delivery??? How long will it take to bring the new fields on line? Who has the excess refining capacity to handle the additional amounts coming online...No new refineries here, lots in the emerging markets...
The US is screwed by the shortsightedness of its politicians...