Does ‘Peak Oil’ + ‘Free Markets’ = Unending Volatility?

PARIS (ResourceInvestor.com) — The year moves towards its sixtieth day. But already we have seen a huge range in the oil price. January saw the NYMEX close to record highs at $69, then just a month later down as low as $57.65 – all in the space of a few weeks. That is a movement of around 17%.

This on the back of the moves from December lows of $54 back up to those January highs. In around 10 weeks we have seen the price rise by about 20%, then fall by about 17%. If you got your market plays right, congratulations! You can take the rest of the year off. Gas has been even more volatile.

Out in the mainstream is the theory of