LeeCarlson

Betting On Oil? Pay Close Attention To The Facts

Oil prices have become a "Game that countries and Corporations play". It is not a mattter of Supply and demand any more. It is a political football, and a Corporate profit game.
There is no shortage of oil, and there has never been a shortage of oil,..or gasoline.
Do you see any back-ups at the gas stations ?? Yet the prices go up and down like Yo yo's ! But always gradually higher. It won't end until there are real alternatives to oil or less demand for oil !! Like more insulated homes, like more fuel efficient cas, like we haven't built a Nuclear power plant in 30 years, like the people who have to have the biggest car or truck on the block because it shows the world that they have "many bucks". All factors in the game. Countries like France get about 80 pct. of their power from Nuclear power plants and drive small cars, but there is no incentive to build more here ??
Doesn't really make any sense, does it ?...Well, it does to the major oil companies !
Did everyone forget about the laws of supply and demand ? When demand goes down, Oil will be cheap again ! Until then,..it's just a game !! LC