Upward Pressure On Oil Prices Continues To Threaten Global Economic Recovery
By Marc Davis, Managing Editor
With surging oil prices threatening to destabilize the fragile global economic recovery, members of the Organization of the Petroleum Exporting Countries (OPEC) are now moving to ease the pressure. OPEC has indicated that it will increase production by one million to two million barrels a day (bpd) by mid January.

Iraq's Oil Holds The Key To Ending OPEC's Omnipotence
By Marc Davis, Managing Editor
The famous Renaissance political philosopher Niccolo Machiavelli is said to be the first to coin the phrase: If you want to know the cause of all wars, follow the money trail. ...

High Oil Prices Are Here To Stay
By Marc Davis, Managing Editor
The fate of the faltering North American economic recovery now appears to hinge on the near-term price of oil. Even the depressed global economy faces a major setback if heavy industry cannot rely upon affordable oil prices to spur on a recovery. ...

Oil Prices May Already Be Fully Valued In Spite of
Rumblings of War
By Marc Davis, Managing Editor
Recent unseasonal spikes in oil prices have proved a shot in the arm for energy stocks. At around $30 a barrel, oil is trading at its highest levels in 15 months. Just this year, alone, it has seen an increase in price of nearly 70 per cent since late January. But the trend may prove to be short-lived. Only the continued threat of war with Iraq will likely support these high spot prices. ...