Truth, Oil and Profit-Takers
"...Al Goldman, chief market strategist at Wachovia Securities. “There have been some wild and wooly projections on where oil is going and this kind of fed into it.”In other words, the price of oil is high because of the high price of oil... not mentioned are the people PROFITING from keeping those oil prices high... so I Call BS!
Mr. Goldman said that global demand for oil products is coming down and domestic gasoline consumption has fallen. But he said that for now, the stock market is “held captive by the price of oil.” New York Slimes article