No pleasant surprises in the new oil order

The Saudi officials’ announcement that they were satisfied with the current level of world oil prices may constitute an implicit fait accompli, an acceptance of their inability to increase production substantially beyond current levels, bringing the days of peak oil production ominously closer.

Brinkmanship In The South Pacific

I would venture to speculate that the coming together of the strongest armada in history has more to do with oil and natural gas and nothing to do with Taiwan.