What is behind rise in price of oil?

Discussion in 'Energy Futures' started by Quickless, Feb 26, 2012.

  1. It is hard to believe that there are not, to the second, information about the supply and demand for oil. Also prior price action should be able to provide some measure for expected price change given a change in a certain supply or demand factor.

    And yet one always gets the impression that the price of oil just falls from the sky and no one knows what is responsible for change.

    It is time to pin down exactly who, what, where, when, ... is responsible for the change in oil prices. Chances are good there is a small group of people somewhere causing this economic uncertainty.
     
  2. lol,
    FED printing money, tensions in the middle east, Greece bailout,...
     
  3. "What is behind the rise in price of oil?"

    More willing buyers than sellers is the only thing that causes price to rise.


    Did you mean "WHO is behind the rise in the price of oil"?

    The buyers


    Did you mean " Who are the buyers"?

    I don't know. It doesn't matter :)
     
  4. Demand has exploded upwards, and all new/recent sources of oil have much higher extraction costs than the supplies they are replacing.

    That's it.
     
  5. ?....the US Congress. It may not sound exciting nor orgasm-inducing but most of the blame/credit belongs there. :cool:
     
  6. They always say that.
     
  7. It's the truth.

    Would you prefer "they" say something different?
     
  8. funny, no one was saying that when oil was at $32 in 2008.
     
  9. onelots

    onelots

    designed, artificial scarcity
     
  10. oil prices are high because prices are determined by speculators at digital casinos.

    if prices were determined by producers and consumers at the negotiating table prices would be 1/3 to 1/5 of what they are today.
     
    #10     Feb 26, 2012