<DrumBeat: December 12, 2007The Oil DrumDrumBeat: December 13, 2007>

67 comments on This Week in Petroleum 12-12-07

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Khebab on December 12, 2007 - 3:53pm Permalink | Subthread | Parent | Comments top

``There are a combination of factors moving prices higher,'' said Nauman Barakat, senior vice president of global energy futures at Macquarie Futures USA Inc. in New York. ``Central banks have reached a consensus to spur growth, which should spur demand. The DOE report showed that consumption is strong despite the high prices, this shows there's been no demand destruction.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=aku8N.PbkGfo&refer=h...

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goghgoner on December 12, 2007 - 4:21pm Permalink | Subthread | Parent | Comments top

Heh, heh, just when I thought the R^2 bet was safe. Also from the above article:

The energy markets have been interconnected with the global capital markets for some time now,'' said John Kilduff, vice president of risk management at MF Global Ltd. in New York. ``The renewed outlook for energy demand has us back in rally mode; $100 is squarely back on the table and within reach before year end.

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