Quote:
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Despite the sharp rise in oil prices this year, oil demand in the U.S. is actually down 2% so far.
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If this has the author confused he's an idiot; it's fundamental economics. Then he lists a bunch of supply constrictions and labels them "speculation". I'd be willing to consider that oil prices will drop in the future but this moron, who doesn't care to put his name on his article, isn't the person to explain how or why it will happen.