There is mounting evidence that oil is artificially inflated, Bush doesn't care, he's an oil man. He and his cronies Cheney, Rove, Libbey, and others are reaping great profits right now, and keeping it for themselves. Watch for more evidence to become more obvious, if Democrats do decide to do something about it, the Republicans will block every measure to stop this profiteering scandal.
There may not even be a problem with supply, but Bush is hoarding it to protect the high profit margin he and his cohorts enjoy.Do you believe that the prices of oil is being artificially inflated ?
Well it's a market commodity, being traded on the open market, so supply and demand dictate prices.
Well, that and we have a regulatory body (OPEC) that sets the production levels to alter the supply demand structure.
We're being sold on it being a market commodity, but whenever you attempt to alter the natural balance of supply and demand, you create artificial inflation or deflation.
It makes you wonder. Whenever oil prices spike the rhetoric for domestic drilling heats up.It also is an election year and people are angry about prices. Notice the increased blame that the Democrats are getting for the high prices.The Republicans are much friendlier to big oil than Democrats. Is there something here? I think that there is a lot of evidence that we are being manipulated.
I believe the OIL industry has colluded to fix prices, gouge its customers, and manipulate a volatile market to its profitable advantage while an indolent, co-operative administration headed by two former OILmen looks on without bothering to serve the people to whom it is supposed to answer. -RKO- 06/11/08
Yes and no.
Yes, because speculators are running the price up because of India and China and their demand for oil.
No, because the demand for the oil is there and the oil producers wont open the valves to pump more oil, so, that will cause the price to go up too.
this is whats happening money is leaving the US Currency such things as federal government notes and bonds and going into Oil futures, this has a double whammy effect, the dollar loses value and the price of oil goes up. Yes this is artificial and out of step with the reality of pumping oil out of the ground
Sure. Those 3,000,000,000 new consumers as the result of growing economies in China and India have absolutely no impact or influence on the price.
Investors to have some impact, but overall, this scenario has been predicted since 1973, a fact that is obviously lost on most of the people answering this question.
yes.. it's called price fixing.. where all the suppliers get together and agree to fix a price.. and they restrict availability of the product to get the price they want..
it's illegal but that's what opec.. and the us oil companys are doing...
here's the solution...
tax windfall profits..
why?
cus it will force the oil companys to make their profit by doing a volume business.. instead of how they do it now.. put the price to insane levels so htey dont have to work much for the profit they get the price is so high now.. they can just sell small amounts.. make no investments in future deliverys.. just sit back and steal the profit.
if you tie their profits to the volume they deliver.. then they will start delivering.. the prices will drop..
we're getting ripped off now.. by bush.. cheney and his secret energy group.. and yeah the saudis
you think the iraq war was to get the oil? .. no .. the iraq war was to keep the iraq oil off the market.. and drive the prices up.
all part of the NWO plan to collapse the us economy.. and create enough chaos to get rid of the us constitution.. which is preventing the one world.. new world order.. one corporation.. with the bush's chenys rockefellers ruling the rest of us chipped slaves to do their bidding.
come on.. no drunk driving drug using inside trading wartime deserter who never succeeded at anything in his life.. and has bankrupted everything he's touched.. won a presidential election.. it was stolen for him by the cia and hte bildenberger group.. and his cia daddy.
we've been boned so bad.. by the biggest traitors in world history.
and on it goes..
Yes - by speculation. News affects the cost of oil. This morning the inventory report came out. not as good as it should have been - boom, the price went up. I bet if they found out tomorrow that we would drill ANWR and more in the Gulf, the price would shoot way down - because of good news.
Yes, oil is our current ';Tickle Me Elmo'; or the Hot concert tickets, people are dieing to pay the high scalping prices. The big problem is we all need oil, and cannot sit on the side lines and shake our head at the other fools willing to buy.
Com' on give us a break!! Ask a real question. Of course oil is being inflated by every one that can remotely make a profit from the black gold. The bottom will fall off and when it does we will have an other Enron or housing loan crunch on our hands only worse. Have a great day, ya hear.
This administration and conservatives could care less... All Bush cronies are making out like fat cats. Too them War = $$$$$, Greed is good. Decent is unpatriotic. Conservative are good and Liberal are evil.
Doesn't this sound like ';George Orwell's 1984';
WAKE UP PEOPLE BEFORE ITS TOO LATE!
Perhaps, but you have got to consider the increased demand around the world, especially in Asia. They used to all ride bikes to work.
yes, it is institutional investors. They are the ones with enough power to drive up prices that fast.
just need a little bubble burst and it will correct.
Define ';artificially inflated'; for us, please.
By my own definition the answer is obviously 'No.'
Yes, but the real problem is the fact that the US dollar is being artifically deflated.
Its a double-whammy.
YES! YES! YES!
Consumption is down in the US 250,000 barrels a day!!! Stocks are up...Oil should cost $33 a barrel not $133!
yea totally...it is all about the company big wigs handing 1000000$ checks to their empolyees.
Yes, speculators have caused the prices to increase on oil just like they are doing with corn, wheat etc.
no. its called the world market and in our case, free market. supply and demand.
YES!
Where have you been for the last 2 years? Watch the news lately?
YES !!!!!!!!!!!!!!!!
Yes.
YESS!!
No, do you?
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