What the mainstream media are not telling you about the run up in oil prices

Here's an important article by Jeffrey Brown on Energy Bulletin that talks about a reason why oil and gas prices are rising even while we have high crude oil inventories. Mr. Brown says that rising geopolitical tensions may be a red herring. The real reason, he says, may be that those "high" crude oil inventories may consist mostly of heavy, sour crude -- not easily used in light, sweet crude refineries.

The extrapolation being that there is a shortage of light, sweet crude. Considering that Nigeria, one of our sources of light sweet crude, is dissolving into chaos, he might be right.

Mr. Brown then goes on to postulate why the MainStream Media is not covering this aspect of the story.

It's a story worth reading. Here's the link: http://www.energybulletin.net/15126.html

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