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Old 06-07-2008, 04:21 PM   #9
phoenix
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price is driven by the commodities market in New york. A lot of hedge fund money going into oil like there was in tech stocks in the late 90's. Supply and demand didn't change by 15+ dollars in two days. Don't believe there is any conspiracy just a lot of people putting money into oil assuming it will be a hedge against inflation and the sagging dollar but a lot of our enemies are getting rich at our expense. Generally when things go up high( and will likely go higher) and fast they adjust but when who knows. this increase may cause a world wide reccession which will cut demand further
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it's tough to make predictions specially about the future
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