crudeoilcrackhead

Oil Price Speculation Truth Begins to Leak into Mainstream Media

Really Mr. Levy? That's the best you can do? This is the one of the worst pieces of fail I have read in the past 19 minutes. For future reference, I would suggest you preface all your future articles with the disclaimer "I failed economics 101."

Crude Reality: Big Oil's Purposely Restricting Supply

Apparantly the Author of this article has never had Economics 101, I have. Apparantly the author is not familar with inventory cleansing, I am. It is not in anyone's best intrest, especially big oil and the Saudi's to have oil priced in this range. There is a reason for inventory cleansing and the price wars that use to be common in this country. One reason was to protect market share, the Saudis were famous for opening the flood gates to protect market share. For the Author of this article I would rec the book "The Prize" by Daniel Yergin. It is a great beginers book on oil, won the Pulitzer if I remember correctly.

We Can Lower Gas Prices Now If We Drill, Drill, Drill

This article is of limited use. The author is incorrect when he implies that there is one solution to the current situation we find ourselves in. Quite simply drilling is not the solution. The solution includes drilling, conservation, solar power, wind power, geothermal power, better fuel effeciancy, and nuclear power. There isnt a magic bullet to solve this problem, but there is a great cocktail for it.