by Matt Insley, Daily Reckoning.com.au:
One of the main stories not being told about today’s oil market is the next round of turbulence set for the Middle East. It’s the oil war scenario, but with a new spin.
Last year when Byron King and I attended the Platts Crude Oil Conference, a main takeaway was an interesting OPEC break-even chart that shows how much money OPEC nations need to keep their governments funded. Take a look.
All’s well at $100 oil — all isn’t well at $80 oil. And all hell breaks loose if prices stabilize even lower at, say, $60…
Hold that thought.
This year at the Platts oil conference, we saw two clear themes:
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