Nothing very dramatic happened in the last three months: supply continued to inch up, and prices are a little lower than during most of the last couple of years, but $100 remains an effective floor for Brent ...This last picture shows also (green line) the narrower definition of oil given by "Crude and Condensate", which has been flatter than the "all liquids" represented by the black line.
Always fun to see the oil price jump a bit after every big accouncement of Cold Fusion Energy
ReplyDeleteOil is dirty, dangerous, unnecessary and unequally distributed.
With Cold Fusion (LENR) 1 liter of water will power 1 family for 200 years. Bye Bye Oil!!!