There's been a very dramatic shift in the international oil pricing structure. Normally recalcitrant Non-OPEC countries are now withholding oil from the market, obviously wanting a higher price for their oil, but also aware that they had better garner their wares because it really is a depleting resource, due to peak in less than 10 years. They've obviously read the new book on the subject by Oklahoma-born Princeton geologist Dr. Kenneth S. Deffeyes, entitled Hubbert's Peak, The Impending World Oil Shortage.
Jon F. Freeman
President
Sucron Inc.
