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THE BOTTOM LINE

The retreat of 'peak oil'

Whenever peak oil seems to threaten, some combination of high prices, technological advances and happenstance expands global supplies.

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The recent meeting of the Organization of the Petroleum Exporting Countries (Opec) provides an opportunity to understand the mysteries of the global oil market. As expected, Opec decided not to cut its oil production.

Washington

THE recent meeting of the Organization of the Petroleum Exporting Countries (Opec) provides an opportunity to understand the mysteries of the global oil market. As expected, Opec decided not to cut its oil production. Barring unanticipated developments, prices will drop, says

sentifi.com

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