Tuesday, June 24, 2008

Gravity of the oil crisis...

Yes, the Oil consuming nations have been requesting that Opec start producing more oil to meet the growing demands.

But, we all know that the problem in question is not a simple one of less supply Vs. more demand. Oil reserves are limited. Increasing production now, would mean further depleting the oil reserves that were reserved for the future!

Oil prices therefore, can only continue to move in one direction...

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