The Oil Drum: The Global Nature of Oil and CERA/Yergin Redux

In good news, it appears they are getting some refineries on line faster than earlier anticipated.

In bad news: concerns that the US need for European supplies will drag on for more than a month, are already being expressed. And $100 a barrel oil is no longer an unmentionable in the news media. This concern is also appearing in Asia too.

We also have posted a link to a presentation of some of the details from the $2500 CERA/Yergin Report (thanks to antimatter over at peakoil.com!) that says “everything’s gonna be just fine.” Debunk away!

Much more stuff over at the The Oil Drum.