Projected long term oil demand falls by 10 million barrels in just one year

Why am i talking about oil demand projection?
Because demand projection influence price, and price of oil influence the price of almost every other goods and service.
Hovering around USD 55 (as of Nov 20 2008) the price of oil may look really low, but a bit of look of history shows that this is the same [...]

We have been talking about the wrong type of oil inventory

By Sendy Filemon, 25 October 2008
When one think about speculating on commodities, products with physical form, one thinks about hoarding.
Popular example in an Asian country would be, rice hoarding, speculators buys rice, hoard it in some warehouse, create supply gap in the market, prices starts increasing, consumer start to perceive the increase in price, consumers [...]