oil...up another 5 bucksnow 147/barrel - Striper Talk Striped Bass Fishing, Surfcasting, Boating

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		Striper Talk Striped Bass Fishing, Surfcasting, Boating » Main Forum » Boat Fishing & Boating
oil...up another 5 bucksnow 147/barrel

Boat Fishing & Boating A new forum at Striped-Bass.com for those fishing from boats and for boating in general

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Old

07-11-2008, 05:58 PM

#15

striperman36

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Join Date: Oct 2004

Location: Mansfield, MA

Posts: 8,760

Quote:

Originally Posted by RIJIMMY

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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.

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.

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