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Re: Koala on peak oil......
Alex...
09-16-2007, 1:35 PM | Post #2438128
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KB, there was a recent shock to the global supply with the explosion at the Mexican facility. I know, its only an isolated incident. But the point here is that supplies are quite tight. So every time there is such a shock, everyone panics and buys more inventory...sending the price up. While demand is tight, we will continue to see increased hoarding, and posturing to raise prices. And no one seems to believe OPEC any longer, which was basically inevitable; as they continue to talk and not do much in terms of producing more oil.
Topics
global
oil
Peak Oil
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