Three overviews of status of oil -- and price of oil -- going forward.
The first linked article is from the Wall Street Journal is very bullish on price of oil and is much more succinct than the second and third articles from Seeking Alpha.
The WSJ thesis: a small growing demand in many countries amounts to a significant growing demand overall. Unlike the 2008 spike to $150 which may have resulted in demand destruction / recession, the current oil price increase has been slower and more sustained. The argument is that as long as the price of oil increases at a slower rate, the global economy can absorb the cost.
The Seeking Alpha articles are much more involved and will take a bit of time to review and digest.
And, of course, this is what I wrote back in October, 2010: the scenario for a price spike in oil in the not-too-distant future.
No comments:
Post a Comment