Today's BP Spill: Timed To Keep Oil Prices Up?
Last summer we pointed out various suspicious instances where incidents happened that would coincidently would boost the price of oil at critical junctures: a refinery shutdown here, a pipeline attack there, saber rattling overseas... always something.
The price of oil was on a confirmed downtrend and the Fed was ready to pause as the inflation pressure from energy seemed to be ready to subside in the long-term. The hurricane forecast was revised down to only 3 likely storms this season, and the pattern has shifted away from the Gulf while most of our platforms are now back on line from last year.
( Read on )
The price of oil was on a confirmed downtrend and the Fed was ready to pause as the inflation pressure from energy seemed to be ready to subside in the long-term. The hurricane forecast was revised down to only 3 likely storms this season, and the pattern has shifted away from the Gulf while most of our platforms are now back on line from last year.
( Read on )
posted by Oil Shock at 8/08/2006 04:30:00 PM
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