04-20-2008, 08:53 PM
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#6
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Reality Check Specialist
Drives: '02 Z28, 2012 45th SS
Join Date: Jan 2007
Location: ATX
Posts: 1,730
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Quote:
Originally Posted by diarmadhi
Oil as a commodity is not unstable... Its the traders that deal in "futures". In otherwords they trade in "future" oil. And since everyone assumes oil is a limited the price will ALWAYS go up.
Look at the silver market back in the 70's when futures where traded on them.. silver hit well over 100 an ounce.. and when the us disallowed futures on silver the price dropped to under 20 an ounce and has stayed there for decades.
The same thing will happen to oil, we just need to get rid of those damn "futures"
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