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Once arrogant OPEC countries are willing to sell oil at any price to fund government programs and prevent political instability.
One constant however is the depletion of major oil fields, worse than predicted at 9.1% year over year as we close 2008. It's a matter of when not if the economy recovers and when it does, expect a strong bounce back in the price of oil.
Good to read that but what wil be the consequence when oil bounced back to strong?
IMO there is only one way and that's a slowly rebound of oil so that the eventually recover of economy can survive.Where will all the Nations around the world get the money to finance another drop on economy due to another spike in oil.
