Clickfool`s knowledge of the market is equivalent to his knowledge about Israel.
Here is what respected economist and New York Times columnist Paul Krugman writes:
If the price is above the level at which the demand from end-users is equal to production, there’s an excess supply — and that supply has to be going into inventories. End of story. If oil isn’t building up in inventories, there can’t be a bubble in the spot price.
So my challenge to people who say there’s an oil bubble is this: let’s get physical. Tell me where you think the excess supply of crude is going. |
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