Posted by
Philly Joe on Friday, August 25, 2006 9:34:53 PM
Who is in the driver's seat, those who have oil, or those who have the
money to buy it? Seller or buyer? If the buyer is willing to pay
the price, he will have the oil he needs. Crude Oil reserves keep
going up as more is found than is used. Other forms of energy
could take a chunk out of the demand . When the oil sellers
manage to get the price up, pay it and more will come on to the market
and the price will go down. Commodity prices are notorious for this
type of behavior. If we aren't willing to pay the going price at any
given time, some producers will leave the oil in the ground. So pay,
and they will find a way to pump.
Joe