The news media is full of stories about steadily rising Iraqi oil production, US oil and gas production - dittp. If so, why is crude still priced up around $105/barrel? (when first published in July, 2013)
This does not seem to be a matter involving short term supply and demand.
Is this altogether a feature of market forces in which investors key off each others bids to ride prices up and down within a high range?
What happened to "peak oil?"
Let's hear your views. pl