Leo Drollas
Leo Drollas
apart collection last late useful
At last the IEA is doing something useful apart from the collection of statistics. Better late than never.
barrels lightning market paper react rod shortage stored traded volatile
In the wet-barrel market - the real barrels that are stored and traded - there is no shortage of oil. But the paper barrels - the futures market - react like a lightning rod in a volatile market. That's their role.
cost developing finding oil price reason
Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.
coming flows money
There's money coming in -- and it's big money. These flows are huge.