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Old 05-30-2008, 06:53 AM  
kenny
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Join Date: Mar 2002
Posts: 7,245
Quote:
Originally Posted by Robbie View Post
Call me crazy...but isn't the price of a barrel of oil right now being driven soley by the commodities market? The actual price of getting oil out of the ground and refining it hasn't changed. I was watching the business channels the other day and they explained it in careful detail. It pretty much explained it perfectly. The world market determines price. Not saying we won't one day run out...of course we will...but the current price is directly tied to market forces. Not because we are running out...yet.
speculation is to blame for the recent surges

speculation, weak dollar, increase demand

in that order are to blame
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