Weekly Link Orgy - September 30, 2009

The Chief of Staff of the Brazilian Government said in a speech that pre salt reserves off the Brazilian coast may hold "between 25 billion and 100 billion barrels" of reserves. If this is true and much of it turns out to be recoverable then this should put any peak oil nonsense to rest.

U.S. oil demand in July 2009 dropped to a 13 year low, according to the Energy Information Administration. Demand was 18.771 million barrels per day, down from 19.557 million barrels per day on July 2008. Although gasoline demand is moving higher, other refined petroleum products saw weak demand.

If you think Wall Street suddenly became greedy during the recent financial crisis, then read this book "The villainy of stock-jobbers detected, and the causes of the late run upon the bank and bankers discovered and considered (1701)"

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