Oil Hits New High Again, $130

Another good reason for starting this site. Oil went over $130 a barrel last night. The reasons given are many, but it seems that it's mostly speculative.

Reasons Oil is so high:

• Supply and Demand: Worry is high about insufficient supply
• Worldwide demand is climbing, especially in China
• A weaker dollar Means its cheaper for others to invest in oil.
• Hard commodities are a hedge against inflation.
• When the dollar falls, money 'pours' into crude futures.