Page 20 - Commodity Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And that's very high quality crude, that's light sweet crude, not to be easily replaced by arab crude-- excuse me, saudi crude. so, these things are tighter than just some in the desert shooting these people. there's more to it than that and if you're -- whatever happens in libya, you're still going to have an extremely tight oil market. >> neil: i talked to john hudson, senior of the petrol chemical billionaire yesterday, boone. and he says he suspects speculators in the open market are sort of taking advantage of this and sort of gunning this, what do you make of had a? >> i don't know, you ...

Here in the united states. but right now that's seen as the biggest impact with obviously everybody watching the outcomes at the nuclear power plants in japan right now. >> and, steve, what does this do to the price of oil? i was just wondering over the weekend could it be that if we think that suddenly the idea of more nuclear power plants popping up in the united states lessens, does that mean our demand on oil grows again and spec laters go nuts? >> that's certainly a well thought out long-term impact, chuck. the issue, though, becomes if the japanese economy is going to contract as a resul...