by Twilight » Sat 19 May 2007, 15:15:24
$this->bbcode_second_pass_quote('Chris25', 'W')hat Im getting at is the fact that crude oil has risen without a major event happening affecting supply.
This is down to the simple fact that supplies are depleting.
Guess what guys, filled up the car this morning. 99p per litre (thats about £3.7 per gallon, that works out at $6 a gallon!
$7.40 actually, the exchange rate has not been so favourable for a long time. But I see what you mean, we have seen the price triple in four years, and although there have been a number of supply-limiting crises (Iraq, Nigeria, Venezuela), nothing of the sort that conventional wisdom so recently believed was necessary to cause that.