Quote:
Originally Posted by broke
The current price of crude has NOTHING to do with "peak oil" - it's simply speculative.
When the PPB falls 15-20%, you are going to see a sell off like you've never seen , which will glut the world market with crude and drop the PPB down into $20 - $40 range.
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Yes, the recent surge has to do with speculation.
It is almost sad that these fuckers are willing to crash the global economy in order to make a quick buck.
US Congress is looking into measures to prevent this sort of thing from happening.