We begin the day haunted by two images. The first is a chart of crude oil going back about six weeks.
The second is a picture of refined crude going up in flames today.
[Read more...]The Trouble With Understanding Geopolitics
May 27, 2010 by Leave a Comment
Oil is still spilling into the Gulf of Mexico at an unknown rate.
“Plug the damn hole,” says the nation’s chief executive to his aides. Why does he bother? His aides don’t know anything about plugging oil leaks under the ocean. And those people who do know something about it have been unable to fix the leak.
[Read more...]
A Total Overhaul Of The Global Oil Patch
John Wooden — the late, great UCLA basketball coach — once said, “Things turn out best for the people who make the best of the way things turn out.”
With coach Wooden’s advice in mind, let’s think positive. Let’s review the upside of the resource news flow.
[Read more...]Click for detailed story