Mi...@juniper.net
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Everyone thinks there is a shortage of Oil.
A several days search of every relevant English language newspaper or
sites I could think of finds no such reports. No one,in any quarter, of
the World, was unable to buy fuel because it wasn't available as far as
I can tell. Big Oil may introduce an artifical glitch in supply to
justify it's robbery.
OPEC did not ask for, demand or expect to get $55 per barrel of oil.
The Countries where the wells are only get part of the price of oil. The
Oil Companies are the ones ripping us off.
These Countries are talking about increasing production etc to stop huge
increases in the price of crude because it could wreck America's economy
and in turn everyone else's, particularly their sand castle. By the way,
most of our oil comes from Mexico, Canada and Domestic Production.
The Oil companies are carefully managing the Government, News Media and
so called Independent Analysts to create a fear of shortage and drive up
the cost of fuel to the highest price they think our pocket books will
sustain. There are five Companies that control 95% of the fuel supply
from the well to the nozzle in America.
One person said it has the appearance of collusion of Government and Big
Oil since Anti Trust Laws were not used when the Big Oil mergers were
not contested. The SEC did nothing when Traders artificially boosted the
price of Crude by spreading unfounded scare stories of the sky is falling.
I wonder if these Traders aren't part of Big Oil.