Does dramatic rise of $ per barrel have more to do with the:
- weakening dollar,
- increase in demand pursing the same production
- natural slow return from recent investments in geological exploration,
- reduction of “cheap and easy” buried oil (and therefore the global peak)
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December 11, 2008 at 6:45 am |
[...] “What I want to know is how the price went up so fast and then down again.” I blogged last May on the poor reporting, each explanation pointing to an abyss of ignorance. “I’m not [...]