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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (101639)6/26/2013 10:07:09 PM
From: bart13  Read Replies (1) | Respond to of 219590
 
I think yes, given the public record of the last few years on things like LIBOR or Corzine. One possibility is to help provide a floor for shale and banker investments in same.

Part of it in my opinion, as RP noted, is also an ME war premium which varies in amount. I'd place it around $10/bbl currently.



To: ggersh who wrote (101639)6/27/2013 4:03:31 AM
From: Haim R. Branisteanu  Read Replies (4) | Respond to of 219590
 
the mentality of the oil producers is very simple - cost ZERO to keep it in the ground and most of them have a trade surplus from selling oil so there is no rush to produce more at lower prices.

Crude is a heavily controlled market, that why OPEC is in place


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