Oil Prices

Everyone is calling for lower oil prices and with the level on oil inventory along with 'don't stop the pump' from Saudi Arabia, it is logical to expect lower prices. After all, it is the first law of economics; supply and demand! But as most things in life, it is not so black and white. There are always external factors that make everything ideal to be more reality, some people call them second order effects and I call them unintentional consequences. Whatever one might call these external effects, they do alter the pricing equation based on supply and demand. For oil, it is what one might call "Geopolitical effects."