Jim Rink Quotes
Right now their economy is growing at a rapid pace, and they need to be supplied with oil. 
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Economy | Growing | Rapid | Pace | Supplied |
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In Michigan, we only have one refinery. The other two factors influencing our prices are that there is a lot of speculation taking place on the commodities market and that there are a number of refineries that are having to shut down temporarily to switch their production to the summer-grade gasoline blends.
- Jim Rink
I don't think this is a supply and demand issue at all. There is plenty of oil out there. I think the biggest thing going on is there is massive speculation on the markets where hedge funds and other groups are buying oil futures ahead of the traditional run-up in prices to guarantee a return on their investment.
- Jim Rink