Saturday 5 March 2011

The Truth Behind Saudi Arabia's "Spare Capacity"

Crude oil topped $103 this morning.

The last time oil was this high was Sept. 26, 2008 – the last trading day before the US House rejected the first bank bailout bill. Wall Street then threw a snit and slashed 777 points off the Dow in one day.

Good times.

Spare Capacity of Oil

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