Quote:
Originally Posted by pocketkangaroo
The prices didn't drop because of the massive recession and decline in demand?
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The US had been in a recession since Dec 2007 and yet the prices were skyrocketing.. The financial crisis didn't take hold etc. until September and the price was already plumeting .. Demand wouldn't have dropped so much to cause the plumet from 130 to 40... Even the oil execs sitting in front of congress told them that the price was mostly due to speculation..