dw57

Oil Won't Stay Down for Long

a lot of the price run up in oil was speculation, no question, it was to make up for the loss in incomes in other areas (say stock or CDS or you name it). if it were really a supply and demand problem why was it that were in the same situation in the preceding years as far as how much supply out stripped demand? and if was not speculation why would it go up in large increments in only days? when nothing had happened. and things that seemed to drive it, had been happening for decades.