This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
Analist predicts weakening demand and ample supply: "As energy producers step up production from alternative energy sources...oil prices could stay depressed for many years when the current economic cycle turns down,"
posted by Aberto Handfas | 11:16 AM
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