Wednesday, September 10, 2008

Oil pricing

Turns out that oil speculation is the reason for the price fluctuation in recent memory. You see, big investors bought and sold enough shares of the commodity to send the prices up to $145/barrel in July and sold enough to have it drop below $104/barrel today.

The government claims it is going to try and curb this trend but isn't it a bit late for that? Shouldn't we all be issued some sort of refund and those that took profit have to pay for it? Just a thought.

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