GREY:ROAOF - Post by User
Post by
Hqzuj12on Sep 15, 2008 10:24am
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Post# 15456471
A hurricane
A hurricaneA hurricane threatening the gas supply is understandable and hence high gas prices. But a hurricane threatening oil rigs and in the path of oil rigs and so on causing the price of oil to drop $5 bucks from $100 to $95 is beyond me. Where's the logic in that? In the 1990's people were talking about oil supplies and how long the earth can sustain world consumption esp. the US. You would think that $100 oil price reflects that thought. You can post articles about why the price of oil is doing what it's doing but when people start talking world oil supply again and in ground reserves, people's perspectives will change again.