Wallace Werner

Is This Oil Price Manipulation?

I believe all of our problems now were caused buy the greedy OPEC countries and gasoline producers. It is still carrying over. It caused the auto industry to go down the tubes and is still affecting auto sales. People do not trust OPEC when they try to reduce production to falsely increase the price of oil. Refineries are screwing the puplic right now with gasoline at $1.90. Based on the price of oil being 1/3 of the highest price. Gasoline should be at $1.33 per gallon. If people knew that gasoline would stay below $1.33 per gallon consumers would be buying more cars. The automobile manufacturers haven't actually produced cars with good fuel economy. They advertise a car acheiving 30 mpg on the highway and think they are doing something. I had a 1988 Olds Toronado that got 32 mpg. America wants large cars and SUV's to get good mileage and for the price of gas to stay below $1.33. People want large cars because they are a lot safer than those teeny weeny cars. Auto manufactures need to get with the program.

Oil's Gains Are Due to Fundamentals, Not Speculation

POPPY COCK! I think all these people who say oil prices should be high because of consumption are liars. What's odd is when the Arabs want to they can up production to where there is an over supply or they can reduce production any time to create a shortage and make the option traders and speculators increase the price. This poves it's not actually supply and demand. After all it still cost the Arabs $10 a barrel to get it out of the ground where mother nature has it stored. It's a big scam for the rich as usual, ruining the world economy for greed. Just look at all the golden building s being built in Dubai. That's where all our money is going. It's time for us to let our people start drilling for oil in our territory.