Friday, May 11, 2012

A Funny Thing Happened On The Way To The Oil Forum

SEARCH BLOG: OIL and GASOLINE

A few people may have noticed that oil and gas prices have been falling during a time of the year when they normally rise.  This, of course, was due to President Obama's great leadership when he said, "High gasoline prices are a bad, bad thing."

Mark J. Perry, economist and blogger, asks:

Oil Prices Are Falling, Do Speculators Get Credit?
A lot of things affect the price of oil and gasoline.

  • demand
  • demand
  • demand
  • supply
  • supply
  • supply
Of course, there is the anticipation of demand and the anticipation of supply.  That's when "speculators" will buy and sell future contract based on their best guesses of what is going to happen. It appears there is a "consensus" that supply will be plentiful and demand will be low.

Funny how a "consensus" can change with new information.  Apologies to Zero Mostel and Phil Silvers and thanks to all you speculators out there.


2012 IS HERE

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