MONEY BUZZ Report: PETROLEUM PRICES STILL INFLATED BY SPECULATION? By Ambassador Mo
As oil prices have been driven up by speculators, now they are similarly driven down, is the new argument. However, demand/supply, production and/or historical considerations do not justify current still inflated prices, (of around $85 per barrel for WTI and $100 for Brent), even as they have dropped close to 20% from recent highs. –More–
http://diplomaticallyincorrect.org/blog_post/petroleum-prices-still-inflated-by-speculation/53778
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Tags Ambass, AmbassadorMo, AmbassadorMuhamedSacirbey, ConsumerConfidence, DiplomaticallyIncorrect, EmergingMarkets, FinancialDemand, InternationalFinancialCrisis, JobCreation, PetroleumPrices, speculation, SupplyAndDemand
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