Energy OverView May 17, 2012

As the market awaits the conclusion to Greece’s agony, about the only supportive possibility, right now, would be a break in talks with Iran over the nuclear issue. Initial commentary from preparatory meetings for the main event seem to make that a low probability. Draghi’s comments that a “preference” to keep Greece in the single-currency zone will not mean a sacrifice to policy appears to moot the country’s exit.