Zeev's Turnips Patch-No Politics (ZEEV)

[Dave Sissom]

The Russians are involved in an internal power struggle pitting Putin against the oligarchs. OPEC really is increasing oil shipments. The conspiracy idea is not needed to explain the current high oil prices. Occam's razor applies...

Oil Tanker Loadings in Mideast Surge 22%; Shell Leads (Update2)
http://tinyurl.com/4jele

Note the destinations for the tankers.

"About 60 percent of the tankers, called Very Large Crude Carriers in the industry, booked for July were bound for refineries in Asia, while 20 percent were destined for the U.S., according to the data, compiled from shipbroker reports. There were 14 destined for China alone. "