It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Analysts say an unusual confluence of long-term energy trends, coupled with some short-term disruptions, are changing - perhaps permanently - the psychology of the oil markets. At the least, they believe prices are going to remain high, and swing more sharply, for some time to come.
"With several consistent years of risk, people are starting to feel like the old world of $18-a-barrel oil is really gone," says Amy Jaffe, an energy expert at Rice University in Houston. "And that's created a different mind-set about everything."
Certainly the most basic laws of supply and demand lie behind much of the current run-up in prices. There is barely enough crude to fuel the world's factories, cars, and power plants at the moment. Nor is Saudi Arabia or any other country able to draw up enough oil from the subterranean depths to offset the rising world demand.
Originally posted by Warpspeed
The problem is not really oil so much as the US dollars it is valued in.
If you look at how much oil costs in other currencies it has not really increased all that much. As more OPEC countries demand to be paid in Euros, the US dollar will sink even faster.
Originally posted by Warpspeed
The problem is not really oil so much as the US dollars it is valued in.
If you look at how much oil costs in other currencies it has not really increased all that much. As more OPEC countries demand to be paid in Euros, the US dollar will sink even faster.
Originally posted by DontTreadOnMe
I am currency-challenged and would appreciate it if you could give more details here.
Originally posted by Djarums
7th,
what has your claim done for the US? I'm still paying $2.50 at the pump, and the cash is still going to the middle east. by your accounts who is making the money?