Quote:
Originally Posted by adam
Well the story's not over yet! Supply of oil hasn't gone up, demand has simply diminished. This is a precursor to some very troubling times...
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Do you really believe demand has diminished that much? I don't think demand has changed much. What I think (and said as much in June -July) the oil market fundamentals didn't change (supply or demand), but oil traders created a bubble that had an impact on what's happening in the market today.
They made 100's of millions and then let the stock market swing in the wind. Still all those who used to complain about $90 fills in July, are now talking about how cheap gas is at $60 fills, as they drive like it's 2007......