Wallace Werner

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.