News Columns & Blogs

Supply and demand, my eye

It won’t be long until that old canard, supply and demand, will be back to justify the run-up in oil prices.

When it returns, remember this story today from Bloomberg.

While I have little doubt that oil supplies are dwindling, we’re not down to the last drop from the spigot, as some of the people profiting handsomely from the oil futures market would like you to think.