Speculation affecting oil market?
Find a Conversation
Speculation affecting oil market?
| Sun, 07-13-2008 - 11:44am |
I don't have room to put an accurate title.
What I am curious about is- how much do you think speculators are affecting the price of oil? Do you think having tight regulations on speculators will affect the price of oil alot, a little or not at all?
The reason I ask this is because I was just listening to a debate between two people. One who thinks it won't affect the price much more than $10 a barrel, and another that thinks it can affect it as much as $50 a barrel.

If you have enough people throwing money and betting on the future market (in this case betting that the price of oil will go up) it will in turn cause the price of oil to go up.
<>
Why do I have a feeling we will be bailing out the speculators in 5? years time?
I disagree with you, but I'm pretty sure
Their affect is small if at all.
The devaluation of the dollar has a lot more to do with the price of oil--as well as supply and demand of course.