Speculation of crude oil prices?

Question

Is it just me or does anyone else think most investors of crude oil speculate on future crude prices to create panic in order to drive crude prices up further so they can can gouge us further?

Answer 1

Look out as the dollar losses value the price of oil will continual to go up .

Answer 2

I think what you said is one of the reasons. It sounds quite reasonable as all investors are interested making profit =)  But you cant deny the fact that crude oil is a limited resource with a very huge demand out there. This fact has contributed a lot the the rise in the price, together with factors like rise in the food price, inflation, as well as other resources.

Ahh I hope there is an invisible hand to stop these things going up again, it's killing the poor!!

Answer 3

I'm not sure if they intentionally create panic - although I have no doubt we'll see a Congressional probe of it. I do know that they create panic amongst themselves.

The statistics are more and more looking like an asset bubble is being generated - ie, that oil prices as dictated by market forces should be about $20 to $30 lower. It is expected that in the long-run (six months or more) this is where the prices will settle, provided traders behave more rationally and "pop" the bubble.

Of course, that's a big assumption. The real estate bubble took three years longer than the first observations of its existence.

Answer 4

Speculators are buying oil too, so they are not benefitting from the increase in prices.

Answer 5

Yes but there making alot more than there spenping. Tons more.

Answer 6

Here's a link to the BEST and CORRECT answer to your question.  

http://www.foxnews.com/story/0,2933,1660...