Seeking Alpha

Esol Esek » Comments » BP

  • The Global Oil Scam: 50 Times Bigger than Madoff [View article]
    I was just thinking that the reason oil is high is because the players have been through rock bottom oil crises and they see no reason to repeat one. The world consumer got used to paying higher for oil, so they should keep on doing so as an unofficial tax to fund the oil exporters and keep them from completely detonating which would not be a good thing for them, or their investors. Maybe we're more beholden to Saudi, or Russia or Mexico. Who knows? Bottom line is there's no reason to stop a money vein if you dont have to.
    Nov 16 08:10 am |Rating: 0 -1 |Link to Comment
More on BP by Esol Esek
Comments by Ticker
Esol Esek's
Comments Stats
24 comments
Rating: 22 (37 - 15 )