Oil Prices

For the reader always wondering why things are the way they are, the topic of crude oil prices is one that should be on the front of any serious investors cognitive process.

Higher crude prices are a result of strong demand and not of "depletion". The only depletion is in world R/P ratios (reserves-to-production) due to strong global demand since 2002. This is a demand driven market right now that does not have enough RC (refineries capacity). RC has been less than 1% for almost a decade.