have a discussion here_____
http://answers.yahoo.com/question/index?qid=20080612085726AAOHqUl )
it is 90% supply and demand. The only reason speculators are buying is because they can plainly see that:
We are not going to make more oil out of thin air.
The world population continues to grow in number and prosperity.
There is no viable alternative in the foreseen future.
The world will run out of oil around 2050 the closer we get to this day without another alternative energy source the more the price will go up.
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