October 20, 2009

PERHAPS EVEN CENTRAL BANKERS CAN FIGURE OUT THE DIFFERENCE BETWEEN SPECULATION AND FUNDAMENTALS THIS TIME?:

Oil soars despite fundamentals; gasoline prices might follow (Ronald D. White, October 20, 2009, LA Times)

[Pump price expert Fred] Rozell says all bets are off in spite of several fundamentals, such as the facts that oil supplies are plentiful, demand remains weak and refiners have slashed production because motorists aren't driving enough to allow gasoline makers much of a profit.

Posted by Orrin Judd at October 20, 2009 5:48 AM
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