hidilip1975

Oil Manipulations Exposed

Great article.At the onset lets be clear that oil prices will increase as it is a non renewable commodity .But the pace of increase is what is concerning everybody.
I mean us the biggest consumer is having flattish to negative growth .China and india are growing but not at the pace of even six months ago.In jan 100 dollar price was raising eyebrows ,now even 150 dollars is seen as no big deal.What has changed in these six months for oil to increase 50 percent !!!

If oil rises to 150 dollars at the end of two years on the back of solid economic growth and no major supply disruptions then one can understand that as a factor that oil being non renewable source prices are increasing ,but the fact that has such a sudden spike inspite of

1) Low growth to neagtive growth in us .

2) Moderation of grwth activity comparitively as compared to even in january in china and india

3) No cutbacks by opec

This all indictes that oil is being manipulated massively and is hurting everybody.