Monday, April 26, 2010

How much longer before traders / speculators drive the price of oil so high that it'll ruin the economy?

Everybody thinks that it's the oil companies that are getting rich on the backs of the consumers. But it's not. It's these greedy commodities speculators that drive the prices, atleast for the most part. The price for a barrel of crude hit $100 today for the first time ever. How much longer before these people push the price to $125 and then to $150 a barrel? Oh, well. I guess if they ruin the economy, they'll ruin it for themselves as well, right...?How much longer before traders / speculators drive the price of oil so high that it'll ruin the economy?
read a little more about supply and demand....................it is demand that drives the mkt..................supply has a smallervrole........


Drive less,,,,,,,,,,,,,,get the new lights.......get the small car................


it is the oil companies.........


I had a piece of two oil wells..I was making money at 12-18 per barrell...........IT IS THE SAME HOLE , THE SAME OIL AT 100 PER BARRELL..............OIL COMPANY MAKES THE PROFIT..........How much longer before traders / speculators drive the price of oil so high that it'll ruin the economy?
oil price will not go so high as to 'ruin' economy.


economy will adjust to prices and u will do with out junk u thought important.


way of nature.
  • natural make up
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