RV Fuel Issues & Prices - Post 'Em Here!
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Forum Discussion
Fezziwig wrote:
Decreased demand in the USA has reduced prices a little the last few months, but there's nothing in place to sustain that reduction, and foreign developing nations (China) continue to increase demand.
Quite the opposite...
Where do you think all of those Chinese-made goods get sold? Right here in the headed-for-recession western world. The oil market is currently pricing in decreased forecasted demand for oil in China based on new developments in the health of the world economy.
Why aren't the pipeline bombings, Nigerian gunboats, and 5 billion oil-hungry Chinese driving the price into oblivion now? Nothing has changed with respect to those supposed "causes" put forth by the media outlets but yet the price of oil has been almost cut in half.
You have witnessed a speculative bubble just like any other.
