Quote:
Originally Posted by RIJIMMY
i just cant believe world demand has doubled the price of oil in 4 years, just doenst seem reasonable. I've read all the explanations but still dont buy it.
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I believe that market speculation is 66% of the run up. Even the Saudis have said 40% is speculation. All the capital markets are in decline the only place to make money is in commodities. Remember the sugar run-up? the siliver run-up? Oil is no different other than we all use it.