Rising Gas Prices Have Dented Obama's Rating: Poll

[cosmicone]

43. The fallacy in your argument is

that it assumes that the oil reserves would be the only source of petroleum. If that is the case, it will last only 34 days.

However, to beat the speculators, even a 3% increase in supply would bring the prices down substantially and burst the bubble.

At adding 3% per day, the reserves would last 34*100/3 = 1133 days.

There is no way the speculators can make any money with this additional supply and would fold long before the 1133 days are up in order to cut their losses.