It's remarkable how long they have maintained the house of cards. Peak Oilers are borderline criminals. Instead of going after the oil companies I say go after the Peak Oilers, they are the real perps of the excess prices.
Yeah...and when prices back fall two bucks to an obscene $70 a barrel, the macro crowd loves to exclaim "see the free market works!".
We've all been desensitized to $70 a barrel oil. Next stop $100 with a fear premium of $45.