24.10.2012 - Presidential debate misses OPEC's triple dilemma
For all the hot air relayed on U.S. foreign policy last night, neither candidate spent much time talking about whatís actually worrying the Middle East. ĎOilí is the quick answer: OPEC faces a triple dilemma over the short, medium and long term, none of which have good outcomes for the cartel. The short term is simple; prices are likely to correct into 2013 below price bands that are deemed economically and politically comfortable. That strikes on OPECís medium term problem; the geological cost of production is now structurally out of sync with the geopolitical cost of survival..............................................Full Article: Source
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