tag:blogger.com,1999:blog-6536173183544723049.post8691737064280989115..comments2023-11-02T05:13:23.254-07:00Comments on et cetera, et cetera 英文人行道: tattletale, telltale, shroud, enshrouded, blabbermouth, give the game (or show) away人事物http://www.blogger.com/profile/01289373669504487523noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6536173183544723049.post-62869656231147270462008-05-12T20:39:00.000-07:002008-05-12T20:39:00.000-07:00All through oil’s five-year price surge, which has...All through oil’s five-year price surge, which has taken it from $25 a barrel to last week’s close above $125, there have been many voices declaring that it’s all a bubble, unsupported by the fundamentals of supply and demand.<BR/><BR/>So here are two questions: Are speculators mainly, or even largely, responsible for high oil prices? And if they aren’t, why have so many commentators insisted, year after year, that there’s an oil bubble?<BR/><BR/>Now, speculators do sometimes push commodity prices far above the level justified by fundamentals. But when that happens, there are telltale signs that just aren’t there in today’s oil market.<BR/><BR/>Imagine what would happen if the oil market were humming along, with supply and demand balanced at a price of $25 a barrel, and a bunch of speculators came in and drove the price up to $100.人事物https://www.blogger.com/profile/01289373669504487523noreply@blogger.com