Peak Oil Review – Jan 12

1. The volatility continues

2. Gaza

3. OPEC cuts production

4. Briefs

1. The volatility continues

It was another week of fighting in Gaza, OPEC production cuts, and the gas shutoff to Europe competing with an avalanche of bad economic news for control of oil prices. At the end, the bad economic news won with crude falling below $40 on Friday after having been above $50 on Tuesday. The week was highlighted by a 12 percent price drop on Wednesday, the biggest in seven years. […]

2. Gaza

A call by an Iranian military commander to cut oil exports to Israel