I don't think this is a supply and demand issue at all. There is plenty of oil out there. I think the biggest thing going on is there is massive speculation on the markets where hedge funds and other groups are buying oil futures ahead of the traditional run-up in prices to guarantee a return on their investment.
There are not yet any comments on this quote. Why not register / login and be the first?
This quote is just one of 7 total Jim Rink quotes in our collection. Jim Rink is known for saying 'I don't think this is a supply and demand issue at all. There is plenty of oil out there. I think the biggest thing going on is there is massive speculation on the markets where hedge funds and other groups are buying oil futures ahead of the traditional run-up in prices to guarantee a return on their investment.' as well as some of the following quotes.
I don't think this is a supply and demand issue at all. There is plenty of oil out there. I think the biggest thing going on is there is massive speculation on the markets where hedge funds and other groups are buying oil futures ahead of the traditional run-up in prices to guarantee a return on their investment.
In general, $2 a gallon is a thing of the past. We have increasing global demand, decreasing availability of oil and higher costs associated with extracting it and refining it, so the days of cheap gas have probably been over for two or three years.
This quote is just one of 7 total Jim Rink quotes in our collection. Jim Rink is known for saying 'I don't think this is a supply and demand issue at all. There is plenty of oil out there. I think the biggest thing going on is there is massive speculation on the markets where hedge funds and other groups are buying oil futures ahead of the traditional run-up in prices to guarantee a return on their investment.' as well as some of the following quotes.