Merger Mania

While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip

I guess that's all Bush can do is saber rattle against Iran. This saber rattling has been going on for more than 2 years, and the only thing that happens is that oil keeps climbing higher. Bush keeps the price of oil elevated , so that his buddies in the oil business can reap more profits. If the U.S. and Israel, the greater the profits for Big Oil.

Speculation and the Price of Oil

Hopefully they will step up production of bio algae before oil reaches $500 a barrel. That is if the oil companies don't continue their fight against alternative fuel sources. The oil companies and auto makers did away with the electric car. Why? Because these corporations work in cahoots. Now big oil , auto makers, and investment bankers are working together to drive up the price of oil through speculation. Why are oil companies fighting like hell against alternative fuel sources? Because they want to keep the price of oil artificially high!!
The auto makers want us dependent on oil, so they can sell us bigger cars and suvs. There's more money to be made with great big
Hummers and Suvs. Who could make any money selling little piss ant cars for under $11,000? Big oil's long-term strategy is to keep us dependent on oil - and especially oil that is imported from the ME. The investment bankers want oil to remain artificially high in order recoup their losses from the housing and subprime fiasco. It's really no coincidence that oil started to skyrocket right after the
investment bankers started losing money with all these subprime writedowns. Bursting the speculation bubble is really key to lowering oil and gas prices.