Re: Fuel prices, will they increase or decrease
Having thought about it, the only reason why there is as a shortage at present is bacause speculators are buying oil up to sell later at a profit. Apparently opec is producing enough oil to actually satisfy demand, but the speculators are creating an artificial shortage and artificially high prices.
Hopefully the bubble will burst and we be back down the 80-90 dollar barrel soon. If the US economy picks up investors will start investing in other things rather than oil. Especially if they get wind that the oil bubble may burst.
Thats an optimistic view, hopefully many speculators will get their fingers burnt as loose money like the rest of us have due to high prices.
Giulietta 2.0JTDm (170)