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By David (anonymous) | Posted August 09, 2008 at 04:03:47
Ryan's article is right-on point. He might have also indicated that the price decline is additionally because the US Dollar has risen from the doldrums recently, partially because of the Euro falling, as well as some PPT intervention. But his continued "peak oil" comment is well advised - we are finding only 2 units for every 5 in decline. Just because there have been some slight declines in demand due to price, the stage is set for a rekindling of prices soon, especially if Iran is attacked. We could see the previous high-price of oil as the "good ole days".
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