Please bare with me for a while, things are just too much to contain right now and I need to spread the load. (I may wrap this up as an article, hence some repetitions from last rant). The oil prices could act as a storyteller of modern history. Much conspiracy, war and drama unravels around it so when plotting the price development for last hundred years it's no surprise it's looks more of the readings from a Richter meter in San Fransisco then a clean schoolbook example of demand/supply. However, the oil market has since long left the cloud of confusion whipped up by the Iraq occupation and is forced to look at other explanations to last years development. Logistic problems, lack of investment and of course manipulation from the undemocratic states (read "non marketized economies") in OPEC has been pointed out by analysts as sources. All leading to the same conclusion, we've faced a temporary glitch that's just an idle phase before the invisible hand arrive...
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