Environment

price of oil

by DrMarty | October 20, 2008 at 07:36 pm

161 views | 10 Recommendations | 2 comments

Most people had this one go right over their heads, but in the last few weeks we've seen a controlled experiment on the price of a barrel of oil, without being boosted 200% by speculators on future markets. The one-time $147 a barrel oil will soon be $50, as people who held futures on oil cashed them in for liquidity sakes.

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon

recommend This comment thread is now closed

Amy Judd

flagged this story as Good Stuff

at 12:57 on November 1st, 2008

DrMarty, you're right, this one did go over most peoples' heads!

DrMarty

at 14:04 on November 1st, 2008

Amy,

It's been a while. Thanks for the comment. I accidentally "unsubscribed" to getting the email alerts like the one that was sent for this story. How do I subscribe again?

Marty