The Energy Report for Tuesday, June 9, 2009
By Phil Flynn
09 June 2009 @ 09:07 am EDT
They say that imitation is the sincerest form of flattery but at the same time it might be a sign that soon the times might begin to change. People are finally starting to get what has been moving oil and are starting to get bullish. Instead of blaming speculators orsaying that there is no fundamental reason for oil to be where it is,many are finally starting tounderstand what has been diving oil. Oil has been driven by the credit crisis. Oil has been driven by the dollar. Oil has been driven by the stimulative and inflationary effects of quantitative easing and record budget and trade deficits.