Golders, many dismiss the ANOTHER theory out of hand, but IMO, whether we're dealing with a prankster or not, he's come up with an idea that's at least interesting.
From what I understand...
What he/she is saying is that oil is very expensive today. It costs, say,
$40 a barrel, given the current supply and demand dynamic.
The West can buy it for $16, and most producers can sell it for no more than that, but only because we pay some major producers (the other $24 a barrel) with gold. This payoff causes these major producers to supply much more than they otherwise would at $16 a barrel. And this oversupply depresses the price of oil worldwide (even with respect to parts of the world where no payoff is made).
The payoff is achieved by lowering the price of gold below its "true" value (its value to the oil producers). That way, the producers can buy on the open market at below this true value, and the difference in price becomes a payoff. The price of oil is thus reduced by the amount of this payoff.
Regards
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