Why do people in the financial markets point only to supply and demand as the...

  • Thread starter Thread starter charlotte q
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charlotte q

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...reason for high oil? My financial adviser and James Cramer among others deny that there is an oil bubble driven by speculators.
 
Way back when schools actually taught students something, it was a common rule in economics, it basically holds true today. Speculators feed off 'supply & demand', and it is true that there is a great demand for oil. Low production keeps the price high.
 
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