Oil – Strong as a Bull

Posted by Terry Macalister

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“Crude oil is holding near its high of three weeks ago. It’s very strong above $77, and a close above $81.50 would be a new high and very bullish. It would then follow gold up to possibly the $90 level.” –   Aden Forecast


Chart courtesy of TheGoldandOilGuy Chris Vermulen – his full article HERE


Oil: future world shortages are being drastically underplayed, say experts

A leading academic institute has urged European governments to review global oil supplies for themselves because of the “politicisation” of the International Energy Agency’s figures.

Uppsala University in Sweden today published a scathing assessment of the IEA’s annual World Energy Outlook, saying some assumptions drastically underplayed the scale of future oil shortages.

….read more HERE.