Oil – Quo Vadis?

Brent40From a high at 145.46 USD in July 2008 Brent crude is now down about 66%. This corresponds to the level reached on October 2004. Reasons are manifold. Uncertainties in China and in the outlook of the world economy in general, the Saudis and OPEC who lost control of any price dictate and who are trying to push competitors out by producing as much as possible, new discovered oil production methods and reserves. The newspaper is full of speculative reasons about the future of the oil price. Continue reading “Oil – Quo Vadis?”