Whether this is from the Gulf Oil spill or from the Unstable Europe economy, I have to say this.
Strange how prices stay good when:
1. The United States does NOT illegally invade oil countries.
2. Some countries have a unstable economy, thanks to out of control government spending or oversight on regulations(Greece) or some major incident (gulf spill)(all gulf dilling halted) that harms a oil company.
But STRANGE how a Hurricane can jump the price(shut down gulf rigs) and how if everything is running smoothly those stockpile reports become canon.
With the economies in a slump, and oil gushing from the gulf, I can't see peak oil happening, as most deep water reserves are much unchartered.
Peak oil as we are told today, can very well be much like Global warming.