Quote:
Originally Posted by emjay
Oil retreats after surging to recordPrices near $140 on weak dollar, then fall sharply as investors collect profits from a $5 one-day run up.
http://money.cnn.com/2008/06/16/mark...ion=2008061612
So it is the speculators after all lol. I was a tad concerned that we might have hit peak oil. |
Ya its the falling dollar and investors. There is no real shortage other than people and countries are having a hard time finding the money to buy it. Peak Oil and supply and demand are mostly propaganda tools.