Tag Archives: OPEC

The New Peak Oil: Peak Demand

Posted on May 15, 2008 by BMWFan

Crude Oil rallied to a new intra-day high of $126.98 today, before pulling back to close the session close to $126/barrel. The trigger for the rally was a International Energy Agency report that the stockpiles of distillates in Europe were … Continue reading →

Posted in Energy, Macro, Strategic Affairs | Tagged , , , , , | 1 Comment

Crude Oil: Free Markets meets Cartel

Posted on May 9, 2008 by BMWFan

Oil prices reached an all time high, reaching an intra-day high of $123.79 today. The weekly IEA report showed that crude oil and gasoline inventories had gone up significantly more than predicted. The crude oil inventory was up 5.65 million … Continue reading →

Posted in Finance, Strategic Affairs | Tagged , , , , , , | Leave a comment