The Oil Patch

SLIP< SLININ’ AWAY – Oil Mimister Rostam Qasemi is making speaches almost daily now telling the Iranian people that the world cannot do wothout Iranian oil and that the West’s efforts to shut Iranianoil out of the marketwill punish the west by driving up prices.

As Qasemi speaks, the price of an OPEC barrel continues to go bownward.

As for the mare daily average, the price for the first week of November is the lowest in almost two years.