Is crude oil price being fixed by speculators ?

please comment and read this..


http://publication.samachar.com/pub_article.php?id=2055247%26amp;navname=India%20%26amp;moreurl=http://publication.samachar.com/financialtimes/general/india.php%26amp;homeurl=http://www.samachar.com





Many people feel, that this oil crisis is being perpetuauted by traders, who brought down the currencies of SE ASIA in 1995 and caused the big crash of 1995.





Should the traders be asked to settle all the purchases by paying 100% cost up front instead of putting forward just 5 % or so as margin money ??





Please comment...Is crude oil price being fixed by speculators ?
There is a combined problem.





Speculation is an issue.





The self fulfilling prophecy of the Stock Market is another. Since people trade on rumour and speculation, hints of higher prices actually create higher prices because it creates a rush to by the supply.





The other issue however is that the world is using more and more oil. China and India are HUGE users and the US is no longer the biggest purchaser. This means that we also have to complete, where we were more protected as the biggest buyer previously.





I understand that it is popular to blame Bush, but the fact is, all countries are struggling with oil prices. In the UK there have been protests and similar calls for politicians to do something. But they are paying almost double what is being charged in the US.Is crude oil price being fixed by speculators ?
It the value of the dollar. Come on how hard is it to see that the dollars value is the major contributor to the prices of gas and oil. If you look at the price of crude in terms of amount of gold it takes to buy a barrel its been level.





http://www.thedailygreen.com/environment鈥?/a>





http://www.youtube.com/watch?v=LEsEvb1Ws鈥?/a>
no,


the value of the U.S. Dollar is down and there is not enough oil supply for everybody, so with a lower dollar it costs less for China and India to buy the oil, and they buy it up and horde it.





the speculators are buying up the oil so other countries don't buy it all up
As their influence drives the prices up I would agree that they are driving up the prices and their profits at the expense of the American economy since gas prices are causing a ripple effect through the prices of goods and services. They should be closely regulated and subject to imprisonment for insider trading tactics.
Is pig meat pork?
about 80% of it is