21.10.2013 - Supply, demand has little to nothing to do with oil price
“Developing a comprehensive plan to achieve U.S. energy independence is the “single biggest” way to boost the economy. Oil is at the center of everything we do. If we produce more in the U.S. and use less and develop alternatives ... you allow the United States within our economy a half a trillion dollars more in GDP,” FedEx (FDX) Chairman and CEO Fred Smith said. The previous peaks were followed by a near $40 drop in 2011 and a $20 fall in 2012. For those readers technically inclined, this meant oil popped to the upper Bollinger Band and then plunged to the lower...............................................Full Article: Source
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