Among their well-presented and well-researched data, The Oil Drum says, referring to the chart – does it look like prices are crashing?
So, at this point, I’m still happy to continue my “Countdown to $200 oil series” and see no reason why the recent lull in prices would be a sign of a serious trend change in the market.
In fact, I’ll say again that our energy policies should focus on one thing first and foremost: demand reduction.