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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (14614)	5/14/2011 12:20:15 PM
From: axial	Read Replies (2) \| Respond to of 24898

"When oil prices quickly climbed back from ~$35 (despite falling demand) there was no rational explanation based on supply and demand. It didn't make any sense." --- Even Oil Companies Know That Oil Prices Are Rigged "In a surprise statement, Exxon Mobil CEO Rex Tillerson told the Senate Finance Committee that oil prices did not currently reflect supply and demand. “When we look at it, it’s going to be somewhere in the $60 to $70 range if you said: ‘If I had access to the next marketable barrel, what would it cost?’” Since the price of oil barrels is currently over $100, it is clear that something beyond the laws of supply and demand is driving the high price of oil, and with it, the high price of gasoline. Well, if it isn’t supply or demand that is driving the price of oil up so high, there’s really only one other culprit: oil speculators." blogs.forbes.com Jim