“Speculative investing” is the reason oil even came out of the ground in the first place.
“Speculative investing” is the reason oil even came out of the ground in the first place.”
and it wasn’t as much of a staple for our economy then, it is now. huge difference in my humble opinion.
yes it had nothing to do with dollar dumping for years and some foreign invetment funds buying oil futures after getting rid of black gold at nice margins