colin campbell Archive

  • frog

    Oil touches US$122 per barrel - by frog



    Not only did it break the $122 barrier, it threatened the $123 barrier as well. While my long term projections, updated to last night’s closing still show $100/bbl oil arriving permanently in July, that date has stopped swinging between July and August with price fluctuations. We are still well above the long term trend and [...] read more
    May 7, 2008 10:24 am - 36 Comments
  • frog

    Oil touches US$ 117 a barrel - by frog



    Will we touch US$120 before the end of the month? Perhaps. But only because US inventories are low going into the summer driving season and because OPEC is sitting on its hands and the Nigerians and Iraqis are having a field day blowing up pipelines. Trevor29 rightly points out that we are way above the [...] read more
    April 19, 2008 6:58 pm - 21 Comments