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Channel: Jeremy Leggett's Triple Crunch Log » Oil prices
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If the oil price drops, “we become a cannibal society”: Venezuela today.

Globe & Mail: “In the serene private clubs of Caracas, there is no milk, and the hiss of the cappuccino machine has fallen silent. In the slums, the lights go out every few days, or the water stops...

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Oil price up as Sunni militants close in on Kurdish territory.

FT: “The price of Brent crude rose above the $105 mark on Thursday after reports that Islamist militants were creeping closer to the semi-autonomous Kurdish region’s oilfields.” “Two car bombs killed...

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