Phil Flynn: Risky Business

Good old fashioned risk premium revisited the oil market complex and growing fears of peak oil. Friday, after reports that Nigerian rebels blew up a key Nigerian pipeline, the bulls ran prices again to a new all time high. The trial of militant leader is underway and his group is pledging further attacks. For the first time in awhile the market focused on increased geo-political risk.

Yet with ample supplies and slowing demand the question is why oil still drives higher. Some strong handed bulls may be having their that it


The belief that the world is running out of oil is now becoming more common. Other things that consumers believe, according to a Reuter