Originally Posted by
SilentLurker
[MENTION=8313]Mesabah[/MENTION] is right.
Fuel Speculators have been driving prices higher than actual value of supply increases.
This is why Pres. Trump is now considering releasing some oil from the SPR (strategic petroleum reserves).
Some of you can joke all you want but it’s facts. Read more & watch more Bloomberg TV/CNBC/Financial Times/Fox Business/CNN Money.
Oil speculators even more than OPEC (according to economists) are propping up oil prices, so much so OPEC is considering increasing production, because prices have risen much more quick than expected.
Don’t mock, get facts! Poster above is correct.
Not saying its not true, but if it is that's a classic bubble. If your serious I'd short oil about Oct. 20th. I'm thinking its more related to carbon surcharges during the EU/brexit transition but I've been wrong before. More regulation diversity means more blends and more cost to produce.