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Old 04-23-2008, 03:22 PM   #12 (permalink)
Zankou
Committing senseless acts of Ashvamedha
 
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Join Date: May 2004
Location: Los Angeles
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Speculation isn't going to drive up oil prices longterm. Oil is far too gigantic of a market to be subject to that kind of speculator control.

All this article says is that the price jumped up significantly in one trading day. That's a possible speculator impact. Long-term, the oil market has way too much consumption volume that drives its prices.
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