[PWALPOCO]

321Energy Article

Most of you have probably read the article but Ill post the link here for those that missed it.

The basics are that Adam Hamilton suggests that the current perceived $70+ oil price is not greatly caused by the current geopolitical climate , but that its down to the supply demand problem.

He demonstrates that in real terms the current price is still cheap compared to earlier times when there were periods of instability in the middle east. Our gradual price ramp up is nothing compared to the previous instant price shocks.

Enjoy the read ...

Paul