What is the Right Price for Oil?
London, UK - 8th June 2008, 23:30 GMT
Dear ATCA Colleagues
[Please note that the views presented by individual contributors
are not necessarily representative of the views of ATCA, which is neutral.
ATCA conducts collective Socratic dialogue on global opportunities and threats.]
Oil prices staged their biggest one day advance on record
to reach an all-time high of almost USD 140 on Friday. The global economy
is facing a complex challenge, the nature and scale of which are quite unprecedented,
possibly since the beginning of the industrial revolution. It is incumbent
on distinguished ATCA members to nurture the Socratic Dialogue on this vital
subject from first principles and not jump to hasty conclusions and simplistic
The ATCA briefing was written jointly by the mi2g
Intelligence Unit; the ATCA Research and Analysis Wing (RAW) based in
Canary Wharf, London; Hamid Hakimzadeh, Hedge Fund Specialist and Global
Asset Allocation Modeller, based in Buckinghamshire, England; and Dr Harald
Malmgren, Chief Executive, Malmgren Global, based in Washington, DC.
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