L'Indépendant wrote:Most places here are hovering at $3.98/$3.99/gallon, afraid to cross the $4 mark.
I was thinking about it this morning - it's risen $40+/barrel this year, and too many people are saying it's because of increased demand, but at the same time saying drivers are driving less because of higher prices. Are the Chinese really buying that much oil and buying/making that many automobiles?
I call bullshit. This is not merely a demand issue. I don't see demand increase 40% over 6 months after YEARS of steadily increasing demand (prior to Katrina). Other factors are at work...on Wall Street.
According to Marketplace on NPR, the futures trading of oil is out of whack. I don't know what the fuck that means, so maybe Milton can explain it to us laymen.