Why did fat cat oil execs and other evil speculators stop fixing oil prices and give consumers a break?

Posted by admin
oil prices
Did You Get That Memo? asked:


What happened? Why did those price fixing fat cats in the executive suite at Big Oil and those evil speculators buying oil futures contracts take their foot off of the neck of poor little consumers and let oil prices collapse? Surely prices haven’t come down because economies in recession use a whole lot less oil, right? Like in 1998, when oil prices collapsed together with Asian “Tiger” economies?

Eddie
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • Olive Oil Comprehension Test for Consumers
  • The Price of Crude Oil, How High Will It Go?
  • What is Happening to Oil?
  • How come every time oil prices start coming down?
  • How to stop increasing oil price, and who are main sources to stop high oil price,?
  • How come price fixing, is not only allowed, but required for gas and oil prices while it is illegal for all?
  • Oil Prices and War

    • This entry was posted on Saturday, October 4th, 2008 at 5:38 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.

    « Home Heating Oil Prices Soar This Winter
    Who is Really to Blame For Higher Prices at the Pumps? »

    3 Responses to “Why did fat cat oil execs and other evil speculators stop fixing oil prices and give consumers a break?”

    1. pazzo Says:
      October 5th, 2008 at 9:03 am

      you forgot to consider the value of the dollar

    2. LadyTazzy Says:
      October 7th, 2008 at 8:24 am

      The prices in the prices in the price per barrel sure has plunged though notice that the prices in.
      The price per barrel sure has plunged though notice that cant be it was plot to get store pricing up.

    3. william k Says:
      October 8th, 2008 at 8:05 pm

      Supply and demand brother. Demand is very low, as most Americans are suffering through hard economic times and driving much less