In this special report we look at the following points:

1. Oil, even at $100 per barrel, is incredibly cheap.

2. Demand and supply for oil are price-inelastic. Which guarantees large price swings.

3. Oil and gas deposits and consumers are millions of miles apart, making transportation the weakest link.

4. OPEC is not a cartel. But Saudi-Arabia controls the price.

5. The 167th OPEC meeting takes place June 5th in Vienna. Production quota will not be cut, leading to another fall in oil prices.

6. The USA are generally not interested in a low oil price, unless Russia needs to be “punished”. Non-US oil importers need between $500 billion and $1 trillion US dollars annually to pay for oil. Global consumers help finance purchases of US-made weapons by oil-exporting nations, securing employment in the US and destabilizing the Middle East.

Download entire report here (free)