Do you think we are seeing ';Price Manipulation'; in OIL prices?

The Saudis believe the current price for oil is ';Unjustified';. I believe that there is something other than supply and demand going on...


http://news.yahoo.com/s/ap/20080609/ap_o鈥?/a>Do you think we are seeing ';Price Manipulation'; in OIL prices?
I believe there is definitely collusion between the oil companies (i.e. price fixing).





But then again the demand for oil from China and India have skyrocketed. This effects supply. Wall Street speculators also pump up the price by gambling on oil futures. And then again, we have our environmentalists that don't want humans to use any kind of energy, lest a sea gull, seal, polar bear, scorpion, or cactus gets injured. Some environmentalists would like to see all humans disappear (except themselves of course).Do you think we are seeing ';Price Manipulation'; in OIL prices?
absolutely there is, the price is being driven up by speculators in the stock market. a friend of mine owns a gas station and his profit per gallon has not noticeably increased in the last 30 yrs. the environmentalists don't want us to drill offshore or in anwar where according to estimates there is enough oil to supply our current needs for 70 yrs. giving us plenty of time to develop alternative fuels and decrease our dependence on foreign oil. the environmentalists also don't want new refineries built because of environmental issues. guess who is stuck in the middle. you guessed it, the hard working middle class who have to drive to work every day to make a ';living,'; pay their taxes and try and feed their families. i am including all races, colors and creeds.
Of course there is major price manipulation. In 2007 Exxon posted the largest growth with a 9.0% growth in revenues. Chevron and ConocoPhillips all join Exxon in the Top 5 companies on Fortune 500 list. These companies may not have affected the original jump in oil prices, but as soon as the opportunity presented itself, they've done all they can to milk it for all it's worth.
Governments don't directly control oil prices. The Saudi, American, African, South American governments don't set prices (at least the free-market governments).





Crude is traded on the commodities market. Investors and speculators decide the price of oil.
yes.
What was your first clue, of course the prices are being manipulated.
oil companies sux
im with u,theres way more going on im in arizona and gas at 4$ and news takin bout it hitting 5$ supply and demand my azz.
I don't know.So many secrets.
it doesn't have anything to do with our national debt or anything, i'm sure..





thanks dubbya!
you bet ye we are.