Several years ago when oil prices were shooting straight up, everyone
had their favorite conspiracy theory about greedy speculators, Wall
Street demons, fat cat middle eastern producers, manipulative tanker
brokers, banksters, etc. Where are those theories now? Does greed no
longer work? Does supply and demand actually work to set prices?
Here's an interesting article that I just found on Reuters news that
is written from an insider's perspective:
http://www.reuters.com/article/us-ce...-idUSKCN0VV0O2
The consensus is that current low prices are the result of decreased
demand, mostly from China, coupled with increased supply, mostly from
the USA. Imagine that, supply and demand actually works. :-)