Archive for December 15th, 2008

Should current crude oil prices really be that high?

Monday, December 15th, 2008
oil prices
drbob asked:


While acknowledging that current oil reserves worldwide are continuously being depleted, it seems to me that oil prices are now being governed not by supply and demand issues, but are being fuelled ( pun intended) by artificial worries based on “What if” scenarios, none of which have actually happened. Are we then just being taken for a ride by oil companies?

Florence
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