Oil Prices the Euro and the Dollar

This rampant speculation about prices has inured listeners to the reality of the modern oil market. And that reality is this: no one – repeat, no one – can explain why the oil market does what it does. The market is so big and complicated that even the smartest market analysts are, when it comes down to it, only guessing about what is driving price changes. In June 2009, Tim Guinness, a mutual...