Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling
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Old 17-07-2008, 05:46 AM   #64 (permalink)
attaboy
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Quote:
Originally Posted by Butterfly View Post
^ even if those estimates are correct, a 2 million shorfall (less than 3% of overall supply) doesn't justify a jump of 200% in oil price because "demand" is too strong,

it doesn't add up, and if your BS alarm doesn't go off then you are in the group of people that believe that money can grow on trees,
I think OPEC ate too many cheap dollars and finally the price of oil is reflecting the dollars worth.
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