Idiot. You may be not even smart enuf to be an idiot.It's a world market. You ever hear of supply and demand?
Read a little bit of economics
en.wikipedia.org
It's all bush, right? Nothing to with the fact that China is consuming like crazy. Nothing to do with India's needs, eh? Nothing to do with the fact that the North Sea, the Gulf, and Kuwait have peaked, and the Saudia are depleting at 2 %? Nothing to do with the 22% of gulf production out because of hurricanes?
Of course not. All gouging. Exxon, with 3 % of the world's oil, controls everything, ehl?
Let's go celebrate Yergin Day..
Daniel Yergin Day
(When and oil closes at or above $76 ($38 times two), for the near term price--I think prices farther out have already been there, I recommend that we proclaim it Daniel Yergin Day, in honor of his prediction that oil prices would be at $38 barrel on 11/1/05, and in honor of his numerous predictions that we were facing a glut of crude oil
It's time for you to quit spouting all that '60's rhetoric. You need to face facts; there isn't enuf. It may drop to $65 a barrel, but we will never see $60 again, until demand collapses. That's called a depression. |
