Mark Gilman
Mark Gilman
chavez hawk hold lose negative oil power prices principal
Chavez is a hawk on oil prices and always has been. His hold on power is getting increasingly tenuous. This is very negative for intermediate oil prices -- OPEC could lose its principal hawk.
changed highs increase lows marked oil price seen sure
We've seen a marked increase in oil price volatility. The lows are lower, the highs are higher, but I'm not so sure that structurally things have changed so much.