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27 August 2009

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Sure, but don't forget that swings in oil markets corrolate with swings in the dollar. Witness today with drop in dollar and sudden burst up in oil prices.


Also Reuters piece today on declining production from Mexico Canterell oilfield and from Seeking Alpha earlier this week, "The eighth largest oil field in the world will be dead by the end of next year.

http://seekingalpha.com/article/157824-mexico-s-declining-oil-production-clarion-call-for-cantarell

Truth or "peak oil nonsense"? Don't know, but I do think there is a bit of a resource grab happening in all sorts of commodity classes.

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