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The crude oil jitters. Who’s to blame?

When we were young, do you recall practicing your balancing act on the edge of the chair or couch, despite your parents warning? Eventually, the result was a fall, likely hurting both your head and ego.

Shawn Casemore
Shawn Casemore
Your parents likely responded by telling you “there was no one to blame but yourself.”

Fast forward 30+ years and as adults we are trembling at the thought of another rise in fuel prices, yet the factors that drive higher pricing have remained fairly stable during the past 12 months. Crude is at $100US per barrel (the range has between $75 to $115 per barrel during the past year), however fuel prices are at all time highs. Why?

Market speculation.

What is driving market speculation? The media.

Which markets are reacting most significantly to this speculation? Those in North America.

So, where should we look to point blame for rising fuel prices? Hmm, I think the answer may be all too familiar, don’t you?

Shawn Casemore, President, Casemore and Co.

The crude oil jitters. Who’s to blame?

Jeudi 3 Mai 2012

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