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1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

Morgan Stanley is pure evil. They raise oil to $150 last Friday. Then today they downgrade the entire energy sector:


www.marketwatch.com/ne...

You've got to love this quote:

"Morgan Stanley noted that this year's steep jump in oil prices could put a lid on demand.
"We acknowledge that the political risk premium for oil may have escalated in recent months, but even so, we have seen the price rise by an amount that is increasingly difficult to explain by short-term supply fundamentals alone," said Morgan Stanley, which is boosting its stakes in financials and reducing some holdings in energy."


The investment banks need to be shut down.

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

There is too much recurring corruption and manipulation going on in the energy market. The energy producers drag their feet to bring new sources online and fail to spend on research - as it is obviously in their best interests to keep energy scarce.

Obama is going to have to build new, various energy plants and a viable hydrogen infrastructure to force the energy companies and oil to truly compete.

Oil addiction and a horrible banking cartel keep holding this country hostage and keep shooting this country in the foot.