Old 05-05-2011 | 06:18 AM
  #3  
XHooker
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Originally Posted by EWRflyr
"... helping to drag prices back within OPEC's $70 to $90 range by year-end."
And that's the big thing to remember. Speculators affect oil on a temporary basis, but supply and demand is the real driver. Rising oil prices follow a strong economic outlook. Falling oil prices follow a weak economic outlook. We're much better off with relatively high oil and a strong economy than the opposite. It's just part of the cost of business. FUPM!
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