# The "Oil Prices" thread.

**URL:** https://forums.speedlife.net/t/the-oil-prices-thread/44739
**Category:** NYSpeed Off Topic
**Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")
**Posts on this page:** 1
**Showing post:** 487

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### Author: ![Supraman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/supraman/32/7307_2.png) [@Supraman](https://forums.speedlife.net/u/Supraman)
#### Post date: [June 8, 2008, 4:37pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/487 "2008-06-08T16:37:12Z")

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> [@JayS](#):
>
> Most of the stuff I’ve read says supply and demand based pricing would put oil around 50-60/barrel.

But it goes by speculation instead, correct? I don’t remember what I heard the other day but they are trying to repeal a bill (maybe?) about the effect of speculation on the price of gas… does that sound right? I wish I could remember if it was cnn or what that I was watching but I do remember hearing them say if it was driven by supply and demand the price would be ~1/2 what it is now.

::edit:: looking now because its driving me nuts that I can’t remember where I saw that…

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