|
The oil industry?s prices have, and always will, be set by speculation. If tomorrow NK and Iran tested nuclear weapons, oil prices would skyrocket; not because there is any less oil, not because production has went up or down, but because there would then be a possibility (however small) of war and then the process will just repeat itself over and over and over. Events like 9-11 are goldmines for the oil industry, they absolutely eat it up.
|