Crude Oil Prices

[godoftrading]

Here is another very interesting article i found on crude.

http://zantrio.com/marketnews/Crude%...:25%20pm.p hp

[sreeja]

The oil price reaches the most height.What we can do to reduce this?If the government is ready to reduce the taxes there will be a large decrease.

[godoftrading]

Originally Posted by sreeja

The oil price reaches the most height.What we can do to reduce this?If the government is ready to reduce the taxes there will be a large decrease.

i disagree. its all about supply and demand.

example.... if Americans are willing to pay $4.00/gallon without demanding dropping, the gov't cutting prices down to $3.50/gallon will add a short term drop. but prices will slowly move back up to $4.00 again to kill demand.

its basic supply and demand. there is give or take 85 m barrels produced everyday. the world wants 87 m. somethings gotta give. and thats price. its gonna go up until that number reaches 85 m demand.

its the basics of economics