Oilcast #10: It’s the refeneries stupid

In our tenth Oilcast we look at the quarterly OPEC meeting this week in Vienna. Does the oil cartel want to avoid being viewed as the oil-movie bad guys? They reminded us that they are pumping all they can.

And all of this in the middle of another week of sustained price increases.

Plus, another speech by George W. Bush about elusive “energy independence”, some harsh decline rates from British North Sea production and the struggle facing China over their gigantic energy needs.

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