acroyear: (wondering)
[personal profile] acroyear
A recent /. poll asked the question (silly Cowboy Neal answers removed)
Why are oil prices dropping?
Decrease in overall demand (people are conserving or using alternatives)
Increase in overall supply (they're pumping more, or a new source of oil was found)
China has decreased consumption after the Olympics
Speculators ran out of funding due to the credit crunch
Government conspiracy (Bush administration? Elections?)
The dollar is strengthening
With the vote being what I'd been guessing (without reading up on it) for about 3 weeks now: "Speculators have no cash" over "Decrease in Demand" by a 2 to 1 ratio.

So were they (and I) right?  I haven't had the time to do any research on it...
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