Quote:
|
Originally Posted by Rupert Pupkin
I don't think I would agree that US foreign policy has a direct impact on oil prices. I think it can have more of an indirect effect.
I guess if we did something extreme it could have a big effect. If we decided to go to war with Iran tomorow, the price of oil would obviously go way up.
|
Fair enough. With prices coming down as sharply as they have, its definitely hedgefunds having a lot to do with things. There were probably a lot of futures played and when there wasnt a Katrina 2 or a world war 3 in the middle east, the sell off began. I wouldnt be surprised if it dropped another 5 bucks a barrel before the middle of October (barring some unforseen turn of events of course).