Wednesday, February 22, 2012

What's Going on with Gas Prices?

"The fear premium is the froth above what prices would be absent fears of a supply disruption - somewhere in the $80 to $85 range for a barrel of crude oil. It means that even with the extra cost put on oil from Iran fears, prices are at least another $10 higher than what demand fundamentals would dictate.
"Why? Financial speculators."

Kevin G. Hall explains in The Miami Herald.

Read more here: http://www.miamiherald.com/2012/02/21/v-fullstory/2653429/once-again-speculators-behind.html#storylink=cpy

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