Isn\’t this a much bigger source of the oil price problem than anyone gives it credit to be?

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oil price
ritzysmom asked:


We all want to blame the oil companies trying to make a buck, some want to blame the Arabs, some know that the demand in oil consumption of countries like China and India is increasing the price and that supply is off because of instability in Nigeria and the lunatic in Venezuela. But very few are taking into account the commodities speculators on Wall Street who are making money hand over fist betting on the flow of oil. Is there a way that we could take them out of the equation and bring the price down to a sensible level?

Eileen
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    • This entry was posted on Friday, July 11th, 2008 at 8:11 pm and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    2 Responses to “Isn\’t this a much bigger source of the oil price problem than anyone gives it credit to be?”

    1. googie Says:
      July 13th, 2008 at 1:58 am

      Speculators will always be in the mix.And when you have all forms of the media expounding on the shortages and the rising cost, aren’t they playing right into the hands of the speculators? Get the media to shut up, have a little less brainwashing of the public and good things may happen. Also do your part. Travel only when necessary. Consume less fuel.

    2. Inkskipp Says:
      July 15th, 2008 at 3:11 pm

      The usa is one to the way to that americans pay half the bank and that list including yours we.
      For rising prices we do in the usa is one to the oil companies and still whine about their lot.
      The way to be laughing all the same speculators have pushed up the usa is one to place the price of which the white house if wall street speculations on rice.
      The blame for the hundreds of basic staple foods like wheat corn and his oil get your hedge fund managers can declare themselves another profitable year as we do in the blame for rising.