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Old 06-27-2008, 01:23 PM  
Socks
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Join Date: May 2002
Location: Toronto
Posts: 8,475
I know enough (nothing) to know that there isn't one thing that's causing these prices. It's a whole whack of things coming together at the same time.

- US Dollar value
- Speculation
- Worldwide demand
- Fear
- Corporate interests
- Government interests
- Iraq war
- Instability
- Possible war with Iran on the horizon (notice how quickly bush moved to erase sanctions against North Korea yesterday, and moved to get them off the terrorist country list? Kinda strange, no?)
- Gloomy economy, US recession, home foreclosures, banks hurting
- Rich getting richer
- Peak oil possibility
- Global warming / Natural disasters increasing
- Etc.
- Etc.

Changing one thing isn't going to provide a miracle.
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