If an oil company pumps its own oil, why does the market price for a barrel of oil affect the gas price?
May 15th, 2008
LG asked:
I’ve read articles that say supply and demand are NOT the major drivers for today’s high oil price. It’s oil futures trading on unregulated markets and massive speculation in these markets.
NEEDLEMAN
I’ve read articles that say supply and demand are NOT the major drivers for today’s high oil price. It’s oil futures trading on unregulated markets and massive speculation in these markets.
NEEDLEMAN