Oil dives 4 percent on demand worry, dollar surge

Comments (2)
DetroitNative wrote:

Supply and demand take a back seat to expectations of profit. Get a few energy fund big boys on a roll and they’ll horse whip the media into publishing target prices all day long, in hopes of getting a stampeded of small investors in on it. Ride the barrel to the top, cash in, make a few hundred million/billion. Consumer getting to loud at the pump? Use a portion of the profits to pay off some politician to quiet them down a bit.

Jun 15, 2011 8:26am EDT  --  Report as abuse
HelpAmerica wrote:

New fleet cars, better millage, less cars on the street, we are told,
yet we are only down on consumption 1%.

Jun 15, 2011 10:03am EDT  --  Report as abuse
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