Peak oil review – Sept 21

1. Production and prices

2. The crack spread

3. Ominous forecasts

Quote of the Week

Briefs

1. Production and prices

The week started with oil trading at around $69 a barrel on periodic concern that the global recovery was running out of steam. This was helped by a forecast that the demand for gasoline would drop in the US and Europe over the next 10 years as more efficient autos become the norm and emissions controls are implemented. On Wednesday, however, the market