Tuesday, Aug 14, 2007
Credit crunch? That was last week's news, move on, now, back onto the Oil snap, crackle and pop.
TheOilDrum-Europe: Oilwatch Monthly - August 2007
Forced sales of oil will unwind and Oil WILL shoot back up, sending inflation and IR's to the Moon.
Posted by planning4acrash @ 09:19 AM (148 views) Add Comment
2 Comments
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1. Symo said...
Everybodies fuel bills are going to go up soon and for a sustained period. My firm is a minor oil and gas supplier and we have had our order books filled since the start of february. Oil companies are investing now, for greater sustained profits in the future. Copper is going through the roof as the generating sets we buy as part of our package are now 30% more expensive but the costs are not proving prohibitive to buyers. Also note, a couple of the oil and gas jobsites are recruiting engineering staff heavily, for all corners of the globe, again a sign big oil is gearing up to maximise profits.
2. planning4acrash said...
The interesting bit here is the link in the first paragraph to oil production graphs for every significant oil producer from about the 1920's to the present day, it shows how production is down accross. This shows people who don't know, what freaks out the peak oil "conspiracy" theorists. Almost every country appears to have or be peaking and production overall is down, again, whilst demand is up, again.