If the peak oilers need any more evidence that today’s high oil prices are the result of today’s speculation, and not some looming peak of oil production two or five or ten years in the future, Dow Jones reports the following: Witnessing new record-high oil prices and wild volatility, market participants are wondering whether market fundamentals have gone out the window. Are high prices drawing in so much fresh speculative buying that nosebleed-level oil prices are a self-fulfilling prophecy? “It’s not about the barrels or the BTUs anymore,” says John Hill of Broadway Futures, in an e-mail message. “It’s all … Continue reading It’s All About The Benjamins