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To: goldworldnet who wrote (267860)9/11/2008 5:05:56 PM
From: Nadine Carroll3 Recommendations  Respond to of 793991
 
Speculation by large investors — and not supply and demand for oil — were a primary reason for the surge in oil prices during the first half of the year and the more recent price declines, an independent study concluded Wednesday

Speculation can drive up prices? What a shock. Weren't most oil analysts saying that oil should have been about $80 due to fundamentals and the rest was speculation?