My financial adviser and James Cramer among others deny that there is an oil bubble driven by speculators.Why do people in the financial markets point only to supply and demand as the reason for high oil?
Way back when schools actually taught students something, it was a common rule in economics, it basically holds true today. Speculators feed off 'supply %26amp; demand', and it is true that there is a great demand for oil. Low production keeps the price high.Why do people in the financial markets point only to supply and demand as the reason for high oil?
Because it is supply and demand.
But the funny thing is, inflation accounts for the entire rise in the price of gasoline. Gasoline has not gone up any more than any other product we buy. Check it out.
The financial markets make their money by supply and demand- It is to their benefit to make everyone believe that same worn out outdated excuse.
There are people who are dumb enough to believe the crap. Those people don't read the newspapers.
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