COMMODITIES SECTION

Interesting article in last week's Times suggesting that there's good and bad news about future supplies of crude oil.

• The Good News - The reserves are there, either already known or waiting to be found via trillions of Dollars of new exploration projects
• The Bad News - It will be impossible to get what's needed on a daily/monthly/yearly demand out of the ground

This is the view of Christophe de Margerie, head of exploration for Total.

The article and points made are another reason why we like the big oil stocks so much - See this post - We Like ConocoPhillips - Earnings Risen 2X The Speed Of The Stock Price - P/E only 6.4

• Read the full Times article here