Monday, June 1, 2009

Put Your Head Between Your Knees - another Volley of Oil Volatility is Underway

Call it a yo-yo (I have many times), or a roller coaster (to better convey the anxiety), but whatever terms you use, oil is on the verge of doubling in price since reaching the 30's a few months ago. This link to a recent Mckinsey report on oil futures requires a paid membership. This article from the Times of London's Liam Halligan is free, and does as good a job as any at laying out many of the moving parts that make forecasting the price of a barrel of oil a ridiculous, though necessary, undertaking.

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