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Originally Posted by 88-31-10  Can anyone explain why oil is $100.00+ a barrel and climbing? |
Its been explained many times on this board, now if you choose to ignore the explanations then so be it:
Supply and demand, India and Chinas economies are creating far greater demand than what can be outputted.
Commodity market speculating on said demand, raising prices to the stratosphere.
Weak dollar. Which only can account for roughly 1/3 of the price increases.
There are other reasons but those are the big three, fuel prices ARE NOT SET by the the Oil companies.