sikarskie

How Much Worse Can It Get For Oil?

With these threshhold being met now and oil being traded at 3-4 actual value....their needs to be adjustments made or grave consequences will happen next winter. we would never have the utilities run up at 3-4 times their values...would we..we need to managethe commodity markets so that profit cannot be replaced by people dying in mass amounts due to no ability to heat their homes..You may have to break up the oil companies to before 8 years ago or just re-vamp the classifacation of oil on the futures markets...whatever is done needs to happen..oil valuations should be consistent aroud the 40.00 bbl range even OPEC uses those numbers
Lawrence