Since February, the oil price has made a strong recovery to around $80, retracing about half of the losses of last winter. All of this activity can be explained by inelastic demand interacting with inelastic supply, albeit that OPEC spare capacity may be switched on and off at the will of OPEC countries, mainly Saudi Arabia.
So how can this help predict what the future might hold?
Read more.
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The posts below are previews of articles and blogs published on kenyaImagine (www.kenyaimagine.com)- a community-based online paper in weblog format, set up for the serious debate and analysis of contemporary Kenyan issues, and audaciously trying to offer a better alternative to general print media. To this end we are continuously seeking new writers (one needs not be a professional). We'd love to hear from you: editor@kenyaimagine.com.
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