Still Sticking With Oil

Oil has been moving upwards on a fairly steady basis over the last year or so. All sorts of reasons have been put forth: From a somewhat uneven recovery of the global economy to speculation by bankers, hedge funds, and other various financial entities, including pension and endowment funds, which have “discovered” commodities as an asset class. Providing a backdrop is the seemingly endless dialog about “peak oil”, or, as it might be more correctly named, “peak cheap oil”.

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