May 28, 2008

Oil supplies increasing.

"There is a strong rebound in supply," said . . . Conrad Gerber [president of PetroLogistics].

* * * *

The world's finely balanced market for crude has been creeping into surplus for several weeks.
"Oil's perfect storm set to blow over." By Ambrose Evans Pritchard, Telegraph.co.uk, 5/24/08.

1 comment:

The Local Malcontent said...

ehh. Idle (petroleum) speculation.