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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (7877)	4/17/2005 11:12:44 AM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

There has been speculation in oil futures, but I think the effect has been vastly overestimated. The fact is that simple supply/demand considerations long ago started oil on a steady uptrend. Speculation in futures has only recently played any kind of signficant role at all: futuresource.com Eliminate speculation, and you're still left with a long-term uptrend in oil prices that predates the Iraqi war. And now G7 leaders are finally getting interested in oil prices and its economic repercussions: biz.yahoo.com They should have been reading this thread. I've been posting since last June or so about this exact topic. Nobody seemed interested. G7 leaders evidently were unconcerned as oil was rapidly rising, and most just blew it off as not being a major factor. Well, now that the markets are imploding and people are looking for a "reason", oil prices seem finally to have gotten the attention that they should have gotten a long, long time ago. But I guess nobody wanted to say the "I" word----inflation. A real head in the sand approach, if you ask me. Now suddenly G-7 leaders think it an urgent matter. This situation didn't happen overnight at all. T