More boring stuff from the Net :|

• Environmental Capital – WSJ.com : Oil Prices: Get Ready for the Rebound
  WSJ: What will send prices higher?

  Gheit: The spike will be the product of several factors…demand has to stabilize, and that won’t happen next week. And the production cuts from OPEC are coming slowly, you can’t just shut off the wells.
  But non-OPEC production is also in decline…Russia, Mexico…Candian oil sands are underwater at these prices…Once you have stabilized demand and the supply crunch comes, prices will go up—it’s going to look like a hockey stick. And hurricanes could really accelerate this whole process…you could conceivably see 6 million additional barrels come off the market [this year], and I don’t see demand falling that much.

  (tags: oil)