De Graaf

Considering a Position in Oil Again

That is exactly, what is happening.

There was an excellent article recently about the manipulation of gold. There all economics are explained, how the government holds the dollar value at play, how they want it to be.

Except for the supply and demand issue, the government controls the amount of dollars paid for the barrel and for the capital injections into Treasury.

Its all about price control to stave of a severe recession and possibly even a depression.

Although my logic tells me that oil should rise soon as Todd points out in some case. The logic is not at present. The logic is with the US Treasury and Ben Bernanke. They control the international currency playing field at this point.

brgds.


On Dec 05 12:52 PM bowman711 wrote:

> My suspicion is that Governments/Central Banks are driving the price
> lower in an effort to stave off recession/depression just as they
> are manipulating the money supply and gold. In the end, however,
> economics always wins over governments and their handiwork.