junkyarddog

Oil Prices and Political Energy

Maybe I'm just too stupid to understand what drives prices higher, but contracts for commodities in 2003 amounted to 13 billion. Less than five years later these contracts are 260 billion. Who knows, maybe the figures are wrong, but an increase by the magnitude of TWENTY (20X) wouldn't that influence the prices just a bit?

I don't know... just like betting on anything, which causes the odds to change? Like, I've said, I may be too ignorant to understand the dynamics of oil prices, but maybe there's a bit more than just supply and demand driving prices.