Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: knarf

It was a global demand for oil climbing faster than the supply that created the price spike. It crashed with the demand as the supply was still trying to climb.

Some of that was a false economy driven by government interference. But it was a global issue, not just a US event.


12 posted on 01/03/2014 5:57:14 AM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: thackney
Being retired, I have a lot of time to think and analyze a lot more closely than when I was putting other men's children through college, so ...

As I mull over the phrase "global demand", I wonder ... what happens on a global scale, at one time or period of time, that makes a global markret respond ?

Were there more wars at that time than before?
Or more cars produced?
certainly it was not oil based energy manufacturing

What happened that the world suddenly decided it needed more oil?

13 posted on 01/03/2014 6:32:19 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson