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re: Why is the price of oil going up?
Posted on 4/6/10 at 10:32 am to baybeefeetz
Posted on 4/6/10 at 10:32 am to baybeefeetz
For what it is worth, I heard on the radio yesterday that it has NOTHING to do with supply/demand BUT that it is speculators ... this is NOT me saying this but repeating what I heard to answer your question.
???
???
3
Posted on 4/6/10 at 10:44 am to tiger91
If this is another speculation run, it's a good time to buy futures as the summer run-up hasn't started yet.
Posted on 4/6/10 at 10:48 am to tiger91
My money is on
quote:While they go kicking and screaming that it isnt them the proof is in the pudding. When gas prices fell from the stupid high prices a couple of years ago it has nothing to do with supply/demand. The stock market tanked.
speculators
Posted on 4/6/10 at 9:41 pm to tiger91
quote:
it has NOTHING to do with supply/demand BUT that it is speculators
Of course! Speculators (whoever the hell those are) don't have anything at all to do with supply and demand! They're just playing around in a really thinly-traded market to drive things around and big multinational oil companies are at their mercy.
[/sarcasm]
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