Wednesday, August 18, 2010

Oil prices fell due to the auto-bailout being blocked, is this a supply and demand issue or speculators?

Both!Oil prices fell due to the auto-bailout being blocked, is this a supply and demand issue or speculators?
Speculators, though if we had our own supplies, which we could if the Democrats would allow us to drill, we wouldn't have to depend on foreign oil.Oil prices fell due to the auto-bailout being blocked, is this a supply and demand issue or speculators?
Oil prices fell because we are not filling the national reserves.


Source for your nonsense question.


Even Hussein stopped off the campaign trail to vote to not fill the reserves and fool the public be dropping gas prices. That is their secret nothing to do with bail outs.
Oil prices dropped because of demand has dropped. This October alone America has driven 9,000,000,000 miles less than in October '07. Look it up.





9 billion miles means a lot less gas.





Here ya go:





http://www.dot.gov/affairs/dot10208.htm





http://ecomodder.com/blog/gas-prices-tak鈥?/a>





http://www.greenenergytv.com/Watch.aspx?鈥?/a>
Both really. Oil dropped because the market believes demand will drop *further* than it already has, because if the car companies (and related companies) are allowed go under, the economy will suffer (lost jobs), and demand for oil will drop also. Bottom line, the market is anticipating reduced demand in the future.
speculators
it sure is.
nope still a suplly and demand.....

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