2012-08-08, 06:29 AM
SaptaZapta Wrote:My cynical take is that it's not dependent to that extent, but any excuse to raise prices is good.It's not cynical if it's absolutely true. An mid-sized country full of oil exploding would not effect the world market by 20 cents *if the market on oil worked correctly*, yet a wild guess of a future stock of a single refinery in a small country can somehow instantly raise the price 30 cents. Then when it is proven to be an incorrect assessment, it will drop back down. By about 10 cents. Rinse and repeat.