Quote:
Originally Posted by RukshawM4st3r
Speculation can only drive up prices temporarily. Oil will be at $200/barell within the next two years.
|
Agree with that.
Everybody wants the higher oil prices to come from speculation or just a temporary bubble or something to that kind. But when 25000 new cars get sold in China, every day!, that means they need some fuel to put in those cars. Combine that with higher demand for oil in practically every part of the world, not just China, the big oil fields fading away and the lack for new really big oil fields. Then , we got "high" oil prices. A liter of oil often costs less then a liter of water at yout local store, though. So I'd say oil is still pretty cheap.
By the way, in Sweden, we pay 3times as much for gas than in the U.S.