The Blue Collar Investor: The High Price of Oil

I first wrote about the high price oil back on January 4th of this year in

The Blue Collar Investor: The High Price of Oil

When I wrote about what was driving the market, I discussed commodities traders as being behind a lot of the rise in prices. If you found this article interesting, you might like to read the article on CNBC.com

http://www.cnbc.com/id/24032497

It too, talks about the price of oil being bid up as investors have fled to commodities as a hedge against inflation. Frankly, I believe that they are in for a big let down. Once again, it's supply and demand and the market will find a price where the demand will begin to drop. I think we are near that price. We'll have to wait and see.