Archive for June 1st, 2008

If an oil company pumps its own oil, why does the market price for a barrel of oil affect the gas price?

Sunday, June 1st, 2008
oil price
LG asked:


I’ve read articles that say supply and demand are NOT the major drivers for today’s high oil price. It’s oil futures trading on unregulated markets and massive speculation in these markets.

Jack
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Posted in oil prices | 4 Comments »

why has the price of oil suddenly started coming down again?

Sunday, June 1st, 2008
oil price
808 asked:


it says in the stock market report for american trade yesterday that shares had risen due to oil price reduction…
and that oil shares had decreased because of it..
do i get the feeling that there is more control on all of this than we are being told?

Timothy
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