The oil supply tsunami alert

The oil market is vibrating and crude oil prices are bobbing up and down like a float on the water. Around the world experts make analysis and try to explain why. The fact that the price of crude oil is approaching $60 per barrel and the production costs for the same barrel fluctuates between $1 and $10 shows that common economical theories are not valid any longer, something new is in the air and the question is how to interpret today