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The oil equation

It seems everyone is an oil expert now that the price has held above US$40 per barrel for more than ten days. Analysing the oil market is really quite simple; just look at supply and demand. Everything else is peripheral and a source of excuses, not understanding, writes <b>Peter Gibson</b>

MiningNews.Net
The oil equation

Yes, there are worries about Saudi Arabia’s vulnerability to a terrorist attack, but oil is expensive mainly because demand growth in 2003 was the highest in over a decade. Miners should warmly embrace...

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