TARP

How Much Worse Can It Get For Oil?

Let us look at this oil thing with real eyes. Most oil producing nations are not increasing their output capacities. Iraq, Iran, England, USA, Venezuela and Nigeria to name a few. At the same time USA is buying oil off the open market. All the oil experts are saying demand is increasing - especially in China and India.

Does anyone remember back in Iraq war I when The Saudi increased their output capacity to 80% and keep oil prices down around $27 barrel? I do. And I wonder why it seemed so easy back then and now it's so difficult to increase capacity.

Another point is today we have so many alternatives to oil as a fuel back then we had none yet the Saudi were able to single handedly keep oil prices down to $27 a barrel while the oil fields in Kuwait were burning by the thousands. So much so that the sky was turning black and traveling across the Middle East and Europe and Africa. Yet the price of oil was $27 a barrel!!

Think!!! people this is all a ploy...

Any oil jerk can create a war in an oil producing nation and keep the oil from flowing. Any oil jerk can create a worker strike in a producing nation by taking oil worker rights away. Any oil jerk can start a war in another oil nation like Nigeria and keep further oil off the market.

And only an oil jerk would buy oil off the market to add oil to the world's largest reserve supplies.

But all that really doesn't bother me as much as the many oil jerks who follow the program by creating logical reasons to explain why oil prices should be at $200 a barrel.

Give me a break they want gas prices between $5 to $7 a gallon and natural gas prices to go higher because alternative means is upon us and their share will be much smaller very very soon.