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Why crude oil price is going high??
Whats are the possible reasons for this scenario??.. where is this heading to??...who is behind this??.. The Supply and Demand factor is quite fine and why should the price shoot this high???
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vignale said
There is high demand of Oil ...There is high demand of Oil in the Entire World + The US Dollar is on it's all time low.
a merry can muslim said
Because most commodities are ...Because most commodities are sold in the American dollar and in places where the dollar isn't pegged it has become worth slightly more than unused toilet paper...
It takes more dollars to buy a barrel of oil than it did before... plus speculators are hoarding crude and keeping it off the market to make it appear that there is a low supply...
Making it more valuable because demand is high... and them large profits..
Game recognizes game and you're looking kinda unfamiliar right now... -- Riley Freeman
AbuAmerican said
Well said A merri can ...Well said A merri can muslim..
Oil is sold in dollars and dollars are worth nothing and dropping in value daily.. Costs more useless dollars to buy something that hasn't changed in price.
Speculators are also to blame like stated above. The market is flush with oil, supply isn't the problem this time. Capitalism gone mad is..
Mayasunil said
Why the world would suffer ...Why the world would suffer because o fthe state of dollar. why cant the market change to a stable currency and save the world
a merry can muslim said
America wouldn't have it.... ...America wouldn't have it.... They would lash out at whoever stepped off the ladder first....
It is the only thing really keeping America afloat right now... The world buys American debt for profit and America can fund itself into silly debt like it has....
Game recognizes game and you're looking kinda unfamiliar right now... -- Riley Freeman