Saildog

Oil Futures Market: Unwinding the Bubble

Alex - this article is bunk. The reason for oils price volatility is the almost perfectly inelastic supply and demand curves (even in this very wide price band). Demand has contracted and the price has imploded.

You clearly know nothing about production. Go and read up some stats. Find out what the export land model means. Go and study the mega projects list. Learn what the implications of the IEA's 6.7% decline rates are. Understand the geopolitics of oil.

Wittering on about the price and the various costs of production is meaningless and adds nothing new to the debate.