We'll see how the rumor mill turns with regard to an OPEC emergency meeting, so far it's been shot down as a non-starter.
Tuesday, February 22, 2011
Oil Just Got To be a Stickier Mess
Especially for the already embattled Italian government and economy which relies heavily on contracts with an Italian -part government, part private oil firm. Libya just declared Force Majeure on it's 1.5 billion barrels of oil a dat that are exported.
We'll see how the rumor mill turns with regard to an OPEC emergency meeting, so far it's been shot down as a non-starter.
We'll see how the rumor mill turns with regard to an OPEC emergency meeting, so far it's been shot down as a non-starter.
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