Energy OverView June 19, 2012

According to a draft communique prepared for the G-20 summit, Europe would take, “all necessary policy measures” to resolve its crisis. Hollow words that have been heard before, and a “grand bargain” remains elusive. Similarly, talks in Moscow between the West and their Iranian antagonists over the latter’s nuclear program appear no closer to resolution either. In the commodity world of real “stuff” the final determinate…