Originally Posted by
mattisawesome
It's not ALL the commodity traders it is:
1. Rising Demand
2. Lack of Supply(OPEC)
3. The traders
Exponentially increasing demand in China, India and Russia are raising prices but S&D fundamentals
do not support $100/bbl oil.
Rising demand and "lack of supply" are not responsible for $110/bbl peaks in price. Speculators and the weakness of the US dollar in the global economy, however, ARE.