Are crude oil prices heading up or down – what do future spreads say
Leo at Peace Corp Writers provides an interesting perspective on incremental drilling, marginal pricing and the relevance of North Sea Oil in understanding the current sentiment around crude oil prices. His pitch is simple. Demand is static, focus and fix the supply side to control oil prices.
The smart money in the room is on Saudis. These guys produce between 10 – 12.5 million barrels of crude every day. They have been playing, setting and influencing the market for more than 40 years. They own the swing vote on production right now till Iraq catches up. Two words (production cut or production…Read more