Archives: crude oil market

People are a crazy breed. Ignoring all the abundant evidence of the worldwide demand for crude oil being in excess of supply, even in a period of recession, the denial of peak oil abounds. The entire theory of peak oil continues to be viewed by many otherwise intelligent people as some type of hoax. Events [...]

For the past several months crude oil prices have been difficult to keep up with. The daily price fluctuations have been extreme. While moving from a high of about $147.00 a barrel in July 2008, to a recent low of just under $32.00 a barrel, crude oil prices experienced gut wrenching volatility.
For crude [...]