'Hamas' Jenkins |
01-28-2011 06:20 PM |
Quote:
Originally Posted by Donger
(Post 7390371)
If gasoline drops to $2.00 again, it would pretty much have to be caused by a severe recession. That's why crude dropped out in 2008.
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That, and because the price was artificially inflated by speculations on oil as a physical commodity to the point where each barrel was traded an average of 30+ times.
Hell, it was going up in 2007-8 despite reduced demand and increased supply, solely due to speculators buying up the reserves.
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