Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 12-10-2010, 11:37 AM   #2004
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Quote:
Originally Posted by 'Hamas' Jenkins View Post
Is the spike going to cause a lower spike in prices compared to 2008 because of the somewhat dubious reason the author gives, or is it going to be because the physical commodities market hasn't been flooded with tons of oil speculators buying up futures to the point where every barrel of oil is traded 30+ times?
I would argue that it's both. Increasing the spare capacity five times is absolutely significant.
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