MSNBC reports that it is now almost @ $72.00 per barrel [V]
you can blame that on the developing markets such as china… supply and demand brother…thats ecomoics 101…
csx engineer
Only a very small part of a much bigger pix. [V]
Try holding back a product and watch the price rise, Prince Edward Island in Canada, famous for growing potatoes, had the Government pay farmers NOT to grow potatoes, surprise ! the price of potatoes went up.
But yet there were plenty of people bashing Biodeasel and Ethanol in a thread on the topic[B)].
I do certainly agree that all of the developing markets are major contributors. Plus most people are buying the same amount of gas they used to so the Oil companies or OPEC see no reason to lower prices any.