OK I'm The Oil Blog

Down, down ,down the price goes, 76 a barrel this morning. Sorry if this is a distraction from the Election News, (All my astute readers know that election news is a distraction from Real Events, with apologies to Jaques Lacan) but here in Montana oil prices are a big deal. So what is happening? OK, well you've got your Saudis, you've got your Iranians, Russians and Venezuelans, bunch of little countries in Africa changing hands almost daily. Right? With me so far? and you've got the US of A. Oh yeah, and fracking. yep, and Cartels, which are a weird part of the Free market. Of course if we wanted to go deep we would have to talk about Kurdistan and Iraq and the Ukraine and Nigeria but I'm trying to keep this a broad overview with a climate change/war on terror over-lay. And not lose anymore readers. Yo, readers, hello? So where were we? Basically we have dictators and armies and giant trans-national corporations and a global economic system totally dependent on the sticky goo and if the price goes up, guys out in the Montana oil patch buy new trucks and drive around a lot and if the price goes down everybody else buys new trucks and drive around a lot. And there you have it.