why the oil price shows no signs of going back to the 2001 level?
Saturday, January 16th, 2010
Chao Nan asked:
Isn’t the economy now worse than 2001 and besides that the Dow in recent slump is actually lower than 2002.
Isn’t the economy now worse than 2001 and besides that the Dow in recent slump is actually lower than 2002.
If the oil price can somehow reflect the economy.
But why is the current oil price still higher than price in 2001 dot com bubble? is it still because of speculation?
Or we are really in shortage of oil ?
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