The Price of Oil?

Excluding Speculators and the weak Dollar, the price of a barrel of oil is caused by?





Supply and Demand.


Supply being manipulated.


Supply being manipulated because of Peak Oil looming?The Price of Oil?
You are discounting the main problem. The value of the currency. The U.S. Dollar has lost HALF of it's trading value since Bush came into office. That's our BIGGEST reason for high cost of gas.





The second reason for current high prices is speculation, economists estimate 25-45% of the current cost because of this.





The third is supply. OPEC is an oil cartel, something we consider illegal in the U.S. They recently increased production/supply and the price still went up. So the supply has been increased, the demand has decreased and the price STILL has gone up. Sorry, the 1st two things I mentioned are major, major problems and this showcases how extreme they are.The Price of Oil?
The supply is not being manipulated.





The increase in oil prices is primarily due to the increase in demand.





The increase in demand is caused by the Clinton administrations deregulation of energy speculation.





Deregulation usually causes increasing competition and drives down the price along with an increase in supply which creates an increase in demand,





With oil the supply did not change, there is a finite supply of oil that has not changed.





Production has increased and consumer demand has increased at about the same rate as production. Because of the deregulation more speculators have joined the market and the demand has increased substantially.





The market is driven by supply and demand, but, the deregulated speculation creates an artifical demand.
http://klobuchar.senate.gov/newsreleases鈥?/a>





According to the senator in Missouri, the house has been studying different aspects of the oil industry for the last six months trying to determine why the price of oil is so high. The study showed that as of the end of May, according to supply and demand, the price should have been about $55 per barrel, but at the time it was $120 a barrel. They are also studying how speculation effects the price. Hopefully, they will come up with some answers soon.





I would agree with Julian that the devaluation of our currency has a lot to do with it.
umm...


I guess if speculators didn't exist and the dollar was doing ok...


it would be supply and demand.





That's awfully hypothetical considering the huge amount of money funding the oil bubble as well as the weak dollar denominations that oil is being sold at. The middle east is charging more because inflation lowers the value of the dollar... That's what any good business would do.
The collapsing dollar caused the first rise and speculation the latest rise





But the artificial restriction of supply by closing refineries and not drilling are a cause also





And market manipulation through collusion by OPEC and the Big Oil Companies is also a factor
There isn't just one cause. It's a combination of every reason you listed including Speculators and the weak Dollar. The hard fact is it's a very complicated issue, despite how much the media tries to simplify it.
Supply and Demand. As China, India, and other developing nations strive for a better way of life, (Which we already have) they need more and more oil to make that lifestyle possible.
supply and demand because it is harder and harder for oil drilling also the demand is climbing and keeps climbing.
The main problem is supply and demand.





The democrats are the problem while treating oil profiteers as a punching bag! Who holds oil? Americans in the 401k!





Dems are dummies!
Excluding the above, you would have a slightly inflated product.
Supply being manipulated.
Supply and demand.
the exponential growth of demand cannot be ignored
to ';lazy and tiered'; to did for more oil
A simple little five letter word G-R-E-E-D!!!!!