[dirtboy]

The general public will look at this vs. the skyrocketing cost of gas, and come to the conclusion that the Law of Supply and Demand is not working anymore.

I finally saw something that made sense as to why the price of oil is going up - namely, that Japan has just about all of their nukes shut down post-earthquake and has to buy oil to make up for much of the lost electrical generation capacity.

[RegulatorCountry]

What, they built oil fired power plants or is the country running on generators, lol?

“Necessity” commodities are in a speculative bubble again just as in 2008. So is corn.

Short the living crap out of the greedy b-tards.

[cookcounty]

It’s a world-wide fungible market, and world demand for oil is soaring, due to China (now the leading manufacturer of autos), India, Brazil and other developing nations. Supply-and-Demand analysis needs to include within its scope the entire global market.

[UCANSEE2]

I finally saw something that made sense as to why the price of oil is going up - namely, that Japan has just about all of their nukes shut down post-earthquake and has to buy oil to make up for much of the lost electrical generation capacity.

Add to that the fact that China is rapidly increasing it's import of basic fuels and oils, due to it's growing population and personally owned vehicles. Not to mention the fuel used to build all those dams.