The price of oil has fallen to where it was in March of this year, although you would not notice it by reading the price of petrol and diesel at the pumps or by your heating oil fuel bill. Some analysts are puzzled, other say that oil speculation has stopped and others say that the twitchy casino punters that form an integral part of our energy markets have been assured by OPEC deciding not to cut back production and the failure of the recent Gulf of Mexico hurricanes to wipe out oil rigs and refineries. (more…)
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