What do you call "short term" for the oil markets?

"Starbucks" wrote in message
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The oil market is the same as any other commodity, the market place is as
rational as those involved in the market, so you can have some very
irrational short term fluctuations. The free market place is not perfect,
it is just the best system known to man.



"Harry Krause" wrote in message
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Jeff Rigby wrote:
"Stig Arne Bye" wrote in message
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Today, gas prices in Norway made a jump to its highest price ever in
history, and where the price currently is approx. NOK 12.50 per litre
that equal approx. $7.70 per US gallon.....

The reason for this jump in gas prices is the current situation in the
Mexico Gulf area that severely has affected oil prices world wide, and
the longer the situation in the area continues, gas prices is expected
to become even higher.....



Stig Arne Bye

E-mail ......:
Contact .....: AOL IM: VT480TFE / MSN Messenger:
Snail-Mail ..: P.O.Box 169, NO-9915 Kirkenes, Norway
Homepage ....: http://home.online.no/~stigbye/index.html
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Located just about 70°N 30°E - Almost at the top of the world!

I would have thought that the price would drop for world oil but gas
prices here would increase.

Since we can't import oil to the port in Louisiana that should mean
lower demand for oil on the world market since we can't import oil for
our demand.


Why do you think the oil market is a rational market?