it's a bit like the energy crisis in the 70's...after making record breaking profits, the oil corps are pulling out of development projects that would help keep the price of oil down...it doesn't hurt them if it *seems* like there isn't enough supply to feed demand
maladroit Reviewed by maladroit on . what's with the price of oil? Oil prices should be heading north, not south Friday, November 14, 2008 | 08:15 AM ET By Deborah Yedlin, business columnist, Calgary Herald It is certainly a sign of the times when the International Energy Agency publishes a study showing the risks of underinvestment in oil and gas projects around the world and oil prices respond by dropping more than $3 a barrel. But so it is when market psychology is overwhelmingly negative and short-sighted. The numbers released on Wednesday by Rating: 5