Why is the price of oil rising so high?

Why is the price of oil rising so high?

It's a speculation bubble caused by investors
0
No votes
It's just a matter of time until the prices come down
0
No votes
There isn't enough oil and the demand is growing
1
100%
Other (specify)
0
No votes
 
Total votes: 1

musicmonkey
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Why is the price of oil rising so high?

Unread postby musicmonkey » Fri Jul 04, 2008 12:30 am

It wasn't long when a $50 barrel of oil was considered high. Then it broke $100 and is now approaching $150 per barrel. Some believe it will reach $200 per barrel by the end of 2008.

There are three main opinions. Which one is yours?

chuck

Re: Why is the price of oil rising so high?

Unread postby chuck » Thu Jul 31, 2008 7:27 am

supply and demand


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