Europe's bold embargo of Syrian oil and the impact it is beginning to have on the Syrian regime stands in stark contrast to the seemingly ineffective sanctions imposed by the United Nations on Iran in response to Tehran's clandestine nuclear program.
Times are a changing. With "peak oil" finally in proper perspective the hegemony of OPEC over the oil market is starting to sunder. The ascendancy of oil production in many corners of the world is beginning to change the accepted rules of the market.
Would a Perry presidency be tempted to follow in this predecessor's footsteps? Given the incestuous interrelationship between Texas politics and oil, in many ways the Bush presidency becomes a cautionary tale.
Most worrisome about a Rick Perry presidency for those of us who don't live in Texas and are not engaged in the oil business is the prospect of staggeringly higher gasoline prices, and the impact that would have on the nation's economy.
Given the market distortions at hand, it is time to set limits on the use of gasoline throughout the nation by mandating consumption ceilings that would apply to gasoline only, while alternative fuels would be unencumbered
Yesterday, with absolutely nothing going on from a supply or demand standpoint, with most hedge fund managers at the beach during this short week, Brent crude oil rallied more then FOUR dollars. HUH? What the heck was that about?
Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".