Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 508372, member: 3011&quot;]I would counter that if you think you &quot;know&quot; why oil skyrocketed and then fell, you&#039;re probably wrong.&nbsp; Maybe it was a change in available supply.&nbsp; Maybe a change in demand.&nbsp; Maybe speculators drove it up and hedge fund forced liquidation drove it down.&nbsp; Maybe it is behind the scenes economic warfare.&nbsp; Maybe it was the Goldman Sachs change in energy index components. Maybe it&#039;s just that oil has a flat demand curve.&nbsp; Maybe it was the peak oil effect.&nbsp; Maybe it was the peak oil effect being disproved.&nbsp; Maybe it was supply manipulation by the oil producers.&nbsp; Maybe it was related to Russia shifting to the Euro and Iran to the yen.&nbsp; Maybe it was related to the expiration and/or renewal of major contracts with China.&nbsp; Maybe it was due to a change in the sailing speed of oil tankers.&nbsp; Maybe it was due to the impact of credit tightening.&nbsp; Maybe it was the supply restrictions from Nigerian rebel attacks and the strike on North Sea operators in Sweden.&nbsp; Maybe it was random drilling success/failure.&nbsp; Maybe it was excitement over the discoveries in Brazil and the Bakkan.&nbsp; Maybe it was the royalty tax law changes in Canada.&nbsp; Maybe it was the impact of nationalization in Venezuela.&nbsp; Maybe it was the discovery in Indonesia.&nbsp; Maybe it was the recession.&nbsp; Maybe it was the collapse of Lehman.&nbsp; Maybe it was good old fashioned price fixing.&nbsp; Maybe it was the supply disruptions from Siberia.&nbsp; Maybe it was the year over year change in degree days.&nbsp; Maybe it was some combination of the above, or perhaps one of the many other unmentioned factors.</p><p><br /></p><p>What do you THINK it was?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in