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Old 05-17-2008, 11:32 PM
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MrLabGuy MrLabGuy is offline
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Join Date: Mar 2006
Location: Bay Area California
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Quote:
Originally Posted by Quicksilver
I believe the point is "CNN just figured out future traders move oil prices"

A new breed of speculator is pouring money into the oil market. What's less certain is whether this new money is responsible for driving up prices or essential to a healthy market.

Many blame record prices on Wall Street investors new to the oil market, saying they're bidding up gas prices to artificially high levels - and soaking drivers.

As oil nears $130 a barrel, some say $10 to $70 of that price is due to Wall Street speculation.

Not sure what Buying a hybrid Diesel has to do with it.

Hey...It makes him feel good. I'm sure he is going to go out any day now and buy a hybrid diesel. Really.
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