July 11, 2007
Good news for oil! Its only $76 per barrel
How do I figure this is good news? Simply because I recall about a year ago all sorts of analysts were calling for $100 barrel by the end of the year. Thats why.
Brent North Sea crude for August delivery touched
$US76.34 per barrel, a level last reached on August 10, 2006. The
contract is about $US2 from the record $US78.65 hit the same month.
Oh Shit! Mexican Guerillas attacking oil pipelines!
Fuck me, as if the Mexicans didn’t have enough problems with the declining production of the Cantarell, now they have to deal with militants.
An obscure guerrilla group that has been barely active for a decade
took responsibility today for a recent series of pipeline explosions in
central Mexico.The People’s Revolutionary Army, which until now has been active
mostly in Guerrero, Oaxaca and other southern Mexican states, said in a
communique that “several platoons” of its militants blew up the
pipelines in the past week as part of a new campaign.
At this point I’m going to file this under bad news.
It is probably safe to say that our only hope is for Leonardo Dicaprio to make a movie about it! (at which point it gets filed under bad-movie)
July 10, 2007
U.S. Looks to Canada for More Oil - no kidding.
True to the lackluster journalistic nature of this blog, we can’t be bothered to sign up for a WSJ account. If anyone ever reads this blog post, could you take a peek at what they have in their article and maybe post a summary in the comments. Thanks!
