Wednesday, August 18, 2010

Why the drastic change in the price of oil?

How is it that a barrel of oil has gone from over $150 to under $40? Now they still drill for oil the same way, store and ship it the same way and refine it the same way. The demand for gas has not dramatically declined. So who or what is manipulating the prices?Why the drastic change in the price of oil?
the demand for oil had a very drastic reduction. Gasoline is just one of the many items made from crude oil.

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