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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: twmoore who wrote (54706)	10/22/2004 7:56:01 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

The oil producing nations are punishing the US by raising the prices to India, China, France, Germany, and many other countries who opposed the Iraq invasion. ??? What doesn't make sense can't be true.

To: twmoore who wrote (54706)	10/22/2004 11:10:45 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

The problem is that the US is not the only country being punished by high oil price. China, as well as India, the two countries that have close to half of the world population to feed, are suffering more than the US in this. So I don't think the punishing part of your theory makes sense. However, I do agree only small part of the high oil price is due to the high demand, major part is due to the speculation. And I read that there are three major speculators are involving in this, and they will sell their position by mid-Nov, or earlier if the oil price goes to $60. Who knows.