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JJASON. I didn't know U.S or any of it's political members have ANY control over energy prices whatsoever. How come oil is at $100 and was $140. Hmmm...no one in U.S was able to do anything about it.
Sep 06 02:39 am
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All Comments by SEBASS »A Compelling Energy Ratio [View article]
The OIL price is controled by OPEC nations not U.S or democratic party bud. Alternativies take 30-40yrs to develop, cost much more to develop and no one is taking initiative to do it. It's a buzz word. Oil floor pirce is $100 as that was major resistance last year. OPEC aka arabs will now allow oil to get under $100 since they have double digit inflation in their countries due to U.S tresuries, so their hedge is oil price. Cantrell mexican oil field is crashing hard, which NO one is paying attention. Reasearch that too.