Tag(s): ; ; ; ; ; ; ; ; ;
Add to My Group
     
View Article Stats


McClatchy: What's driving up oil prices again? Wall Street, of course

Quicklink submitted by Scott Baker
(Add your own quicklinks easily with the
OpEdNews Quick Link Browser bookmark
)


Tell A Friend
FACEBOOK
submit to twitter
submit to reddit
submit to stumble upon

News 1   Interesting 1   Interesting 1   View Ratings | Rate It

Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating well below capacity. Yet oil prices keep marching toward $90 a barrel, pushing gasoline toward $3 a gallon in many markets, and prompting American drivers to ask, 'What gives?' Blame it on the same folks who brought you $140 oil and $4 gasoline in 2008: Wall Street speculators.

Read the rest of the story HERE:


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments