bills

What Can Possibly Explain the Price of Oil?

The analogy to the whale oil business is not a good one... commodity investors are not investing in the oil industry, they are buying oil... which has been going up... owning gold and owning a gold mining company are not the same thing.. one thing that can bring prices down is for US consumers to take real and vigorous action to lower consumption.. carpooling, driving 55 mph, full tires, planned trips, etc...