Peak Oil Passnotes: Zarqawi Don't Drive

So Zarqawi is dead, oil drops by a buck and a half and suddenly the world seems a great place again. Not.

If ever there was a pointer to the underlying fundamentals of the oil and products market right now it was this one incident. Zarqawi had supposedly been the head of Al-Qaida in Iraq, although the whole idea of Al-Qaida even having a head seems faintly ridiculous to those who have studied the transient grouping.

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