Roll the dice, roll out the barrel
The drastic rise in the price of oil and petrol is in part the result of forces beyond any government’s control: as high-growth countries like China and India increase the demand for petroleum, the price will go up. But there are factors contributing to the high price of oil that we can do something about. Chief among them is the effect of “pure” speculators — investors who buy and sell oil futures but never take physical possession of actual barrels of oil.
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