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Gasoline prices - another record high
"Wayne.B" wrote in message
... On Tue, 25 Jul 2006 16:40:09 GMT, "JoeSpareBedroom" wrote: People who know more than you and I about this say that $15 to $25 of the current barrel price is comprised of speculative excess. That statement is speculation in and of itself. So called "speculative excess" is mostly people who need oil on a regular basis trying to ensure future supply guarantees at a price they can live with. People like your utility company for example, or your airline. When that Chechnyan terrorist died a few weeks back, the price blipped down a buck, according to the traders in the interview. That's fantasy at work. |
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