Posted by Gail the Actuary on January 11, 2012 – 12:03pm
This is a guest post by Chris Cook, former compliance and market supervision director of the International Petroleum Exchange.
All is not as it appears in the global oil markets, which in my view have become entirely dysfunctional and no longer fit for its purpose. I believe that the market price is about to collapse as it did in 2008 and that this will mark the end of an era in which the market has been run by and on behalf of trading and financial intermediaries.
- Oil futures drop as dollar gains (marketwatch.com)
- Crude Oil Rises as Global Market Rattled by Libyan Turmoil; Non Profit Sector Committed to Aiding those Affected in the US (prweb.com)
- Peak oil leaves the spotlight as global economic uncertainty rules oil prices (mb50.wordpress.com)
- All Things Are Not Equal in Energy (thestreet.com)
- Tesoro plans to sell its Hawaii refinery (mysanantonio.com)
- Qatar promises stable oil, gas supply (japantimes.co.jp)
- Naked Oil (theoildrum.com)
- The Rise Of Dark Inventory In Housing And Oil (businessinsider.com)
- Why Oil Prices Are About to Collapse at Oil Price (mybetter4you.wordpress.com)
Posted on January 11, 2012, in Dark inventory and tagged Actuary, business, Chris Cook, derivatives, energy, Financial intermediary, International finance, International Petroleum Exchange, Market price, oil, Oil and Gas, oil futures, oil spot prices, Petroleum, Price of petroleum. Bookmark the permalink. Comments Off.