CNN/Money: Obama v the Oil Bubble

By Trader Mark
17 June 2009 @ 10:34 am EDT

This is an interesting development; I won't pretend to know what exactly all the causes are for this huge spike in oil while the largest user in the world (25% of all demand) has 10 year highs of inventory and Europe is in complete disarray. I am sure some is speculation but how much - who knows. But in a world where oil is... well, the oil that greases economies, I would assume 50-75% price swings, both up and down - in such short periods of time will catch the attention of any person. Supply and demand is simply not changing in that nature in 6 month periods...

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