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Politics : Politics for Pros- moderated
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To: Triffin who wrote (256028)6/28/2008 7:20:03 PM
From: Sedohr Nod   of 793868
 
It's not coming from additional supply

Only our failure to go exploring for new reserves will make that statement true. I would think the reserves found off the coast of Brazil recently would be proof of that.

Though there are plenty of fundamentals that support higher oil prices, there is clearly a speculative aspect to the prices we are seeing now....I would prefer we pricked that particular bubble with something other than a world wide depression.
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