Investors, and contrarians, and people who like to be ahead of the curve when making investments. This report called the 'The Coming Oil Backdraft' gets into a no nonsense story about current oil fundamentals, and does so without promoting a sales idea. The author is using logic when talking about oil pricing, demand, and what happens when producers, or drilling stops because of low prices. In other words, it tells you why we are where we are right now with current oil pricing, and whats going to happen in the future when oil surplus runs low. Producers or drilling is cut-back when prices are down, however, even though demand may slow down, it doesn't stop. You then see the same whipsaw effect of higher prices when available oil supply goes down. This occurs because we haven't had an energy policy in this country for over 40 years, and we can't seem to stabilize oil prices at constant levels. D.
Thursday, January 22, 2009
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