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Commodities Briefing - Categorized | Oil, Price Watch more

Are you expecting oil prices to fall?

Posted on 25 February 2013

Recent releases from the International Energy Agency tell of moderating growth rate of the global demand for oil - which was based on lower economic growth projections. And promises of “fracking” to boost oil supply are bouncing around cyberspace. Images of supply and demand curves flash in one’s mind.
Yet, the cost of oil today has little to do with supply versus demand - but is more about marginal cost of supply and producers’ ability to manipulate supply. Peak oil and anti-Obama rhetoric notwithstanding, oil production in the USA has been growing……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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