You’d surely have to accept that the Double Cross knows the oil biz and so you’d have to listen when Exxon Mobil Chief Executive Rex Tillerson says that U.S. crude prices would be between $40 and $45 a barrel if risks of supply disruption were not in the market right now."Absent a lot of the risk volatility ... that's probably $10-$15 a barrel of risk premium that the commodity trading markets are reflecting," Tillerson told reporters at an energy conference in Houston. "I would say the underlying price is more like $40 or $45 a barrel if you didn't have the risk premium," he said.
Now to interpret his remarks, in the light of whom he’s trying to lay the blame on? Also, he says governments should address climate change – interesting, coming from the world’s largest oil conglomerate. What benefits have they now seen in supporting the idea of climate change? Have they already found a viable alternative fuel, after the Sakhalin rebuff?
If they would mandate that oil is sold by supply and demand, the market 'risk' would not affect the prices of oil.
ReplyDeleteAh but Lord Nazh, that is the question, isn't it?
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