Oil conspiracy or historical inevitability?

Oil Resursy01-07-2008 Oil conspiracy or historical inevitability? New record oil prices have caused a broad discussion about the "great oil bubble". He is concerned not only consumers but also producers of "black gold". However, they are confronted global speculators that justify price increases invisible hand of the market. Oil is close to the biggest rise in six months since 1999. Looming price of $ 150 per barrel. And, apparently, nothing can stop this rally. Of the past control of the oil-producing countries it is no longer attending. They had virtually exhausted the possibility of a sharp increase in production at the ground, and there is no certainty that this measure will be effective. In mid-June, the finance ministers of the Group of Eight have agreed to instruct the International Monetary Fund to explore the speculative mechanisms in the oil market. According to representatives of some countries, the speculative component in the price of oil exceeds 30%. On the question of what more in today's oil prices - speculation or objective balance of supply and demand - a powerful investment bank Goldman Sachs a response. Fears that the rise in oil prices is part of a speculative bubble are unfounded, believe in Goldman Sachs. Demand rather than speculation higher prices for oil, analysts say the organization.