http://blogs.reuters.com/global/2009/06/11/oils-run-up-outpaces-most-price-targets-more-upside/ Beyond the World news headlines Wed, 22 May 2013 01:52:51 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/global/2009/06/11/oils-run-up-outpaces-most-price-targets-more-upside/comment-page-1/#comment-9111 James Sun, 14 Jun 2009 21:43:53 +0000 http://blogs.reuters.com/global/?p=4234#comment-9111 It's here again. The price of oil will be driven up by speculators. They couldn't care less about the destruction ehich it brings upon the real economy. BTW, the biggest owner of crude oil supplies in the US is not Exxon, as one would expect, but Goldman Sachs! It is time for the government to declare oil a strategic commodity and restrict purchases of oil only to its actual users. It’s here again. The price of oil will be driven up by speculators. They couldn’t care less about the destruction ehich it brings upon the real economy. BTW, the biggest owner of crude oil supplies in the US is not Exxon, as one would expect, but Goldman Sachs! It is time for the government to declare oil a strategic commodity and restrict purchases of oil only to its actual users.

]]> http://blogs.reuters.com/global/2009/06/11/oils-run-up-outpaces-most-price-targets-more-upside/comment-page-1/#comment-9040 Nikkei 225 Fri, 12 Jun 2009 12:18:36 +0000 http://blogs.reuters.com/global/?p=4234#comment-9040 Oil's climb partly reflects weakness of the U.S. dollar and expectations that demand may be picking up as the global recession abates.Maybe we should add the following reason as well: And expectations that speculation might pay off. Oil’s climb partly reflects weakness of the U.S. dollar and expectations that demand may be picking up as the global recession abates.Maybe we should add the following reason as well: And expectations that speculation might pay off.

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