Michael Giberson
What’s up with crude oil prices? A few updates from around the web:
- FuelFix.com: Oil Prices 101: Why is our crude so expensive?
- Financial Times EnergySource: “Either the Saudis step in or oil prices are going to the moon (and other predictions)“
- Reuters: “NYMEX-US crude hits $103 on Libyan worries, eyes data“
- Associated Press wire store: “Oil Slips Below $100 After Rising Above $103“
- Washington Post‘s Political Economy blog: “Unrest in Libya prompts flurry of forecasting about gas and oil prices“
And some commentary:
- Robert Lenzner, Forbes: “Beware going long at $112 oil“
- Raymond J. Learsy, Huffington Post: “The Looming Economic Crisis, the Price of Oil, and Our Strategic Petroleum Reserve“
- At FoxNews.com, John Lott argues stimulus spending, not high oil prices, “is hammering consumers.”
- Related background from a few years ago: “Economic Effects of High Oil Prices,” by the U.S. Energy Information Adminstration, published in the Annual Energy Outlook 2006.
I’m kicking myself for getting caught without any UCO in my portfolio!