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re: Why is the price of oil going up?

Posted on 4/6/10 at 10:48 am to
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 4/6/10 at 10:48 am to
My money is on
quote:

speculators
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.

Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52026 posts
Posted on 4/6/10 at 11:03 am to
quote:

When gas prices fell from the stupid high prices a couple of years ago it has nothing to do with supply/demand.


Funny how that happened RIGHT AFTER then-President Bush removed executive restrictions on an assload of territory, eh? IIRC, that happened during the summer. "Speculation doesn't cause price jumps" my arse.
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 4/6/10 at 9:52 pm to
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.
Do you mean the direct inflation, remeber bushs stimulus checks.
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