On Fri, Jun 20, 2008 at 3:38 PM, Leland F. Jackson, CPA < [EMAIL PROTECTED]> wrote:
> I think the video is a sham. In a free enterprise system the laws of > supply and demand to determine price is as perennial and the laws of > gravity. The except is where there is a lack of competition, (eg > monopoly). I can't imagine the World Bank/International Monetary Fund > having the power to fix prices. I'm sure there is some truth in the > video to make the bigger misinformation sound compelling, but overall > I'm having trouble connecting the dots. If the video were true, it > would mean there was a monopoly. A monopoly could only be achieve if > government, oil companies, oil producer and many other were all in > cahoots together, (eg collusion). > > It is more likely that the price increases in oil are due to supply and > demand pressures, a very weak dollar, and speculative wall street > investing, (eg psychological fears). I think there is currently a > bubble in the oil prices, because I can find no rational reason that a > barrel of oil would double in price over so short a a period. I'm > looking for a downward correction in price in the near future. > ------------------------------ The price is a worldwide price though. I have not looked at the vid, probably wont. The speculators have moved their need for lost revenue into the oil markets and they were making a killing as the price was going up daily. Not it is over saturated and the gains are not what they were. Thank God for that! I see a lot of that speculative money pulling out of oil because the public has gotten in an uproar so the demand is not as great as they expected. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
