It is absurd that we put up with the pathetic analysis of these issues. The Libyans situation is merely the straw breaking the camels back. What, if Gaddaffi was still securely in charge would oil be back at $20 a barrel? No. The daily reporting and commentary on markets and commodities suits no one but the gamblers in suits who spend their days clipping the ticket… as well as being parasitic their focus on daily or hourly shifts blinds us to the important issues with these essential resources. No government would be forcing their people to invest in the profligate hydrocarbon use that the RoNS mean if we were having a real debate about the likely future availability and cost of oil.
Thanks for your comment it is much appreciated.