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East and West Think Differently About Oil, Harvest Energy Buy-out Shows
Thursday’s buyout of Harvest Energy Trust by the Korean National Oil Company (KNOC) typifies the difference on how the East and West are looking at oil.
And it’s as simple as supply versus demand.
Big investors in the East are concerned about their supply of oil. Investors in the West are more concerned about the lack of demand.
In an October 18 research note, Goldman Sachs echoed this theme, explaining that China cannot produce enough oil to meet their domestic needs, and will need to consistently acquire foreign reserves.
The Goldman analysts who authored the report also say that in…
24Oct2009 | Oil & Gas Investments Bulletin | 0 comments | Continued
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