Tag Archives: Pop

Can speculation really raise the price of oil in the long term?

crookmatt asked: It seems to me based on my basic economics 101 experience, that if the price of oil is pushed higher than what would normally be supported by worldwide supply and demand, then the artificially high price will cause demand to decline, supply to rise which would normally cause a surplus. Speculators would [...]

Posted in Economics | Also tagged | Comments closed