What are you paying for gas?
What are you paying for gas?
Out of context: Reply #31
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- designbot0
So what do you all attribute to these insane oil prices?
The increase in demand and the inability to supply enough oil? Is OPEC strategically slowing production?
Demand certainly did not shoot up overnight, so why have oil prices?
- Spe-cu-la-tionhedge
- Elaborate, please.designbot
- Oh, and the dollar too.hedge
- did it spike, obee-wan?madirish
- cause the dollar is not tied to oil valuation at alll....... oh wait.madirish
- Well, when numerous people become long of oil, prices inflate.hedge
- 100% speculation. I wrote a long post a while back on the subject but can't seem to find it.jawks
- which is a clear indicator in manufacturing market prices subservient to demand, no? thus, the rub. pretty elementary, really.madirish
- wallstreet and futures investorsepete22
- Guilty as charged.hedge