China, western Europe and the USA are cutting deals with oil producing nations, leaving anyone else hanging dry. MERLIN FLOWER | 2009/10/28 Then the common man’s dream saw result-oil prices marched downwards. So, there ought to have been celebration everywhere, only the euphoria was missing. The reason: underinvestment in oil was equally bad. And, The […]

Underinvestment in oil exploration causes lack of elasticity in oil supply and soaring oil prices. STEVE AUSTIN | 2009/10/21 Crude oil prices have surged to year high recently, as the economy is showing its first signs of recovery. Mark my words: the economy is not booming, far from that. There are however some signs that […]

Chinese currency could become the new petro-dollar. MERLIN FLOWER | 2009/10/14 Last month Marconi’s article here in oil-price.net broke the news of how China was building its crude oil reserves, completing 102 million storage facilities and how the country had a big devaluating pile of dollars. Well, trusted sources say that China has taken the […]