oldgoldbug

Is Oil Demand Falling Off a Cliff?

That chart doesn't look so good.

Update: Crude Oil, Priced in Gold

SWRichmond - For a long while I thought the most logical reason for the Iraq war was to disrupt oil supplies and push prices higher, given the damage occurring to pipelines during a war. Your thesis makes far more sense and explains why the neocons were so willing to jump into a manufactured war. The rise of the Iranian "threat" provides a very convenient excuse for our forces to remain in the region.
It sure did seem to me that oil's movements were related more to moves by hedge funds than anything else. Now that hedge fund redemptions are beginning in earnest it will be interesting to see how the price of oil holds up.
By the way, with the huge amounts of dollars floating around out there, it might even be difficult for really big players to move in and out of the gold market without totally disrupting it. I would think the oil market is far bigger and able to absorb money more readily.