1913 Intel

International Conflict, Western World Threats and Geopolitical Intelligence

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Oil shock: China and Mexico, not Exxon, stupid

Posted by Matt in May 25th, 2008 | no comment 
Published in Oil, , , , , , , , , , , , , , , , , , , , , , ,

Oil prices are soaring for three key reasons: the decline in the dollar, increase in demand from China, India and other countries, and finally decrease in supply due to underinvestment in oil fields and decrease in oil production.
The decrease in oil production from existing fields is primarily due to passing peak oil. As oil is [...]

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Oil’s Murky Outlook

Posted by Matt in May 18th, 2008 | no comment 
Published in Oil, , , , , , , , , , , , , , , , , , ,

At about $124 a barrel, the price of crude oil has more than doubled since the start of 2007. The vast majority of government forecasters, stock analysts, economists, traders, and journalists who follow oil failed to see it coming. Even now their price estimates for the next several years are all over the place, ranging [...]

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