Its all about fear...fear is only in the future...and the speculators on the stock market are raping their own families for a few dollars more. Just because it is legal don't make it right..and you ah so funds managers who profit from riding the coattails of raiders disgust me. Hope you all choke on your cash.Uh sorry ...kinda went off there...Wasn't it us against them not so long ago? cause this us against us thingy is sad...mainly because we have lost something that defined us..patriotically I guess...or maybe politely...that is as dead as grannys dog rufus....I really miss that dog.Did oil jump so high today due to that supply %26amp; demand thingy again?
There is no oil shorted, therefore supply and demand are not in play. The Oil Cos are only operating their refineries at about 75%, so there is plenty of supply. Between the speculators and CEOs, as did the realtors in the housing market boom, they have created a false market which escalates retail prices resulting in windfall profits. They are actually competing with each other.Did oil jump so high today due to that supply %26amp; demand thingy again?
No because Obama got a little closer to winning the election. He's said that if he wins he's going to take the oil profits and give them to the poor. The oil companies just want to make as much as they can should he get elected. That and the price always goes up during the summer for the vacationers. It sucks but that's the way it's been every time we have a presidential election.
yes and the fact that the federal reserve just auctioned off $75 billion more to banks this week (for a total of $435 billion so far this year), which will cause the value of the dollar to fall on the world market.
Since oil is traded in dollars and the value is lower, the price of oil is going to increase.
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