Detailed text transcripts for TV channel - CNN - 20110308:00:31:00
Because they can cut a deal. and that deal is not really necessary. so they're going to tempt a buyer of oil to buy it now. which spikes the price even further when that buyer really doesn't need to buy it, but he is pushed by that person. secondly, there are some retail stations that are run by some real knuckleheads that want to raise the price just as fast and as high as they can to get it while they can, taking advantage of the uncertainty. over time, that shakes out. over time, there is no ability to be too greedy in this market. it's too competitive. but in the short-term volatility, it ...
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