I recently noticed parallels between last summer's gasoline moves and the current trend. The Algerian Energy Minister did likewise. He warned "recent price rises were being driven by speculation and a weak dollar rather than fundamentals."
Americans continue driving fewer miles, even at much lower gas prices than last year. What will the future hold? Boatloads of ka-ching? My guess is rising profits for big oil and Goldman Sachs, which specializes in oil speculation.
No comments:
Post a Comment