LG asked:


I’ve read articles that say supply and demand are NOT the major drivers for today’s high oil price. It’s oil futures trading on unregulated markets and massive speculation in these markets.

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Billy R asked:


I’ve heard that oil prices are higher than they would be in a natural supply/demand economy, and that part of this is due to speculation. What is speculation? How is it raising the price of oil? Also, if people or companies are using oil speculation to make money, why don’t more people do it?

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moira77 asked:


Stupid me, I thought that the reason gas prices were going to climb to $4 this summer was because the price of oil was skyrocketing. Well now oil prices have fallen and yet gas is still rising. What’s the deal? Obviously my Economics 101 class was not enough to enable me to understand all this lol.

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sir5er2000 asked:


I am trying to search for a website on the internet that I can access daily to find the current price per barrel of crude oil. This would be for the Williston Basin region in Montana.

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Masseur_at_Play asked:


It appears that Iraq is going to start producing a lot of oil due to its newly installed government and the over all war effort of the U.S. and talks on how Iraq can improve itself through increased oil commerce. Iraq has enough oil reserves to supply the U.S. with a good 70 years of oil, but as we all know the gap between oil supplied and oil used is what greatly determines oil prices and this gap can easily be covered, and covered in excess, by Iraq. As such, how long do you think oil prices will continue to remain high?

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Sim TY asked:


Oil price is coming down drastically. I like to run some research to understand to what level oil price should bottom out. Can anyone share any hint?

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arch_worrior asked:


since we are heading to another severe depression/inflation, US is constantly being bombarded by horricane which destroy the oil rig there.and the States will increase the crude oil price throughout the world. and why not they give it to other countries which are not prone to climate calamity.

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skjhlkj asked:


We are in the middle of the hurricane season, and the oil price just went up to $80 at the highest level for a short time.
How does hurricane season effect oil price?
Does it has to be a major hurricane to spike up the oil price? Can a tropical storm, or small hurricane effect the oil price? If so, how?

thanks.

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Whitman Lam asked:


Just when the price of oil falls below $ 40 a barrel. It’s lowest level in years. All of a sudden there is an explosion of violence in the Middle East, Russia shuts off gas to Ukraine, and OPEC cuts production.

Instant 20% jump in oil prices … I think the Oil companies have a hand in it.

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Observer asked:


However, when oil prices are down, it takes WEEKS for it to reflect on our gas prices?

There is something VERY shady about this!
Gary S- If inventory replacement cost are immediate, than gas prices should not just immediately be raised but, immediately be lowered as well. Correct?

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