Quote from steeldust:
i remember oil at $10. my first trade ever was at 11.25. all i ever heard then was how this the end of oil,oil is going to 5,we will never see 20 again etc. its the same crap now. these experts are twits who either need attention or are just supporting thier own or their firms positions. nobody says that these prices will affect demand nope just hype.
it just doesn't qualify as an attention getter to say that "markets are not static and will adjust demand by price, so it's all good."