Wednesday, June 29, 2011

TechTicker: Three Reasons Why $100 Oil Is Here To Stay

Link here.

Nothing new for those who follow the oil industry.

The three reasons: a) weakness of US dollar; b) demand in emerging nations; and, c) oil in politically unstable regions of the world. (I guess that includes the US which has no energy policy except to stop drilling.)

No comments:

Post a Comment