Jay Maynard wrote:

You're ignoring the most basic of all market forces: supply and demand.
Supply goes up, prices go down, no matter where things are bought or sold.
It's that simple.

All true. However if demand goes up and supply doesn't keep pace, prices
will go up.

China and India are markets for oil that really didn't matter all that much
10 years go. Now they are using a small but significant percentage of
world production. And at the moment it doesn't look that percentage is going
to get any smaller.

Also what the supply and demand thing igores is the devaluation of currency.
The dollar is weaker than its been in decades. Unfortunately, I'm not
goog enough of economist to really expound on how that effects the cost
of oil.

--
Frank Stutzman
Bonanza N494B "Hula Girl"
Boise, ID