Daily Archives: Tue, Jun 24, 2008

My predictions for oil in the $140s by July 8 and signs of shortages by the end of August are based on the following observations: Oil production peaked in 2006 Demand continues to grow Speculators grasp the first two facts … Continue reading →

Now that Saudi Arabia has made its announcement and promised to increase production by 200,000 barrels, we enter a critical time. The increase does not make up for the losses being felt in Nigeria due to the violence there. The … Continue reading →