Energy OverView June 15, 2012

WTI keeps covering the same ground with a slightly upward cant, suggesting that participants are establishing defenses, awaiting the outcome of the Greek elections on Sunday. The sum and substance of it all is how will the outcome drive aggregate demand. Unfortunately, there is no good answer. The issue of whether Greece is a harbinger of either unity or dissolution, once decided, will not be a panacea for the EU economy.