ajtj99's Market Pulse

[ajtj99]

I actually disagree a bit on that point. There was extremely tight supply that speculators took advantage of using leverage. Once demand fell and leverage dropped, the house of cards fell.

However, there should be no debate as to the tight supply. The first 80-million Barrels are $10/bbl. Each million barrels after that runs about another $20/bbl.