"Crude oil supplies are at an almost eight-year high. The price is obviously not reflecting that. It's reflecting the worries about the future."attribution
-- John Kilduff, a senior vice president at commodities firm Fimat USA Inc. in New York.
i don't drive, so the price of gas is only hitting me at the shelves of things i buy. but it just seems to me that since supply isn't the culprit, the only thing that can be done is reigning in the traders' speculation about oil. they're the evil monsters of high prices.
No comments:
Post a Comment