Oil has become a safe harbor for a lot of investment money.
Oil has become a safe harbor for a lot of investment money.
They're normally about 5 to 10 a barrel. Now, it's closer to 20 to 30. And that's because a lot of money is flowing in on the fear we won't have enough refining capacity this summer.
The flow of money into commodities is comparable with the flow of money into mutual funds in the 1980s and 1990s. It's like steroids, pumping up prices and leading people to talk about super-spikes to 100 a barrel or more.
© 2020 Inspirational Stories
© 2020 Inspirational Stories