Oil Prices: Keeping it to Themselves
There is little mystery behind oil prices today. An anticipated limited supply growth in conjunction with skyrocketing demand from countries such as China combine to create the perfect pricing storm. As things stand, the oil market is already tight; supplies have been disrupted and Iran is making everyone nervous. Those invested are looking toward Saudi Arabia as a possible means of helping to meet supply shortfalls and maintaining a stable market. However, what many hopefully have yet to consider is that oil producing regions offering hope for what otherwise looks like a dire future, also require oil. And this local thirst for oil is growing by the day…
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