Where finance and media intersect with reality


Why the oil price is not what it seems

Just because oil prices are absorbing the prospect of an outright European ban on Russian imports well, doesn’t mean there won’t be a major breakout to $300 per barrel highs if and when such a ban is executed.

WW3 Watch: The petroleum factor

Inquiring minds want to know: what’s up with the collapsing price of Urals crude and can it ever find its way to market? Here’s a short summary from someone in the know (with my emphasis): Russia supplies crude/products via pipelines direct to customers and via the sea. Under sanctions, movements likely go the way of […]