Monday, July 28, 2008

Oil Shocks - an Excellent Series (Washington Post)

I feel like my job is done communicating on oil issues when I read intelligent reporting like this. Unfortunately, most of the media still don't understand what is going on. Ssssh. It's the speculators right? Right?

OIL SHOCK

This Time, It's Different

Global Pressures Have Converged to Forge a New Oil Reality

Early this month, Valero Energy in Texas got the unwelcome news that Mexico would be cutting supplies to one of the company's Gulf Coast refineries by up to 15 percent.
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