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re: Why is the price of oil going up?
Posted on 4/8/10 at 6:54 am to baybeefeetz
Posted on 4/8/10 at 6:54 am to baybeefeetz
The DJ Commodity index is up 30% year over year. Oil is not rising while other commodity prices have remained stable. For instance iron ore has recently spiked more than oil.
Oil happens to be a commodity that stands out because it is reported by MSM more than rice, wheat, et al, and it is also noticed because drivers stop for gas fairly often and see the price increases/decreases.
If you want to know specifically 'why oil prices are going up' you can pick theories put forward by bloggers talking their books...or, for a novel approach, read the entire link (and other sources) and form your own opinion.
See the 5th chart down page at this link: LINK
Oil happens to be a commodity that stands out because it is reported by MSM more than rice, wheat, et al, and it is also noticed because drivers stop for gas fairly often and see the price increases/decreases.
If you want to know specifically 'why oil prices are going up' you can pick theories put forward by bloggers talking their books...or, for a novel approach, read the entire link (and other sources) and form your own opinion.
See the 5th chart down page at this link: LINK
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