James Mulva, the CEO of Conoco Phillips said that the doubling in the price of oil off of its bottom to $73 a barrel was "a little bit ahead of the actual supply and demand situation and inventory levels."
Nouriel Roubini, the economist, said that the rally in oil prices was "too high too soon." Here's a short video of Roubini covering his full views on the current economy.
Wednesday, June 17, 2009
Two More Oil Bears
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1 comment:
Seems like every summer we go through this, demand goes up and they lower the supply. I wish we could figure a better way to hedge this. Natural gas should be the new focus.
David
www.totallyfreemarketanalysis.com
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