The Oil Drum

234 comments on DrumBeat: April 16, 2008

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Leanan on April 16, 2008 - 8:19am

Haven't been able to get around the paywall on this one...

Why Oil's Rally Has Room to Run

Hope is not an effective strategy, but cash-strapped consumers watching the price of crude oil trek higher lately have little else. Here are five reasons why crude oil, which settled Tuesday at a record $113.79 on the New York Mercantile Exchange, might not be done with its rally.

1. Capacity. Oil-producing giants such as Saudi Arabia and Iran are pumping about as much oil per day as they can while demand continues to soar.

Their blogs used to be free, but it looks like that's changing. :-P

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aangel on April 16, 2008 - 9:22am

This method works:
http://machinist.salon.com/blog/2008/03/21/wsj/

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