Quote Originally Posted by brianmquinn View Post
FACT : If Oil is not becoming scarce then the price would be falling.

I COULD your read your post as an indication that as Saudi Arabia's oil production is in decline. Be careful how you read things. You need to look at all the facts. PE said that "prices are going up ". Well we all know that is very true. How much were you paying for a gallon of gas when Clinton was in office? Price is driven by supply AND demand. China has more than doubled their oil use in their period. Oil production has not kept up with world wide demand. Even if supply goes up but demand goes up MORE the price will not fall.
You're really deluded if you think the supply of oil has anything to do with the price...

Ever notice when something bad happens they hike up oil prices, then 2 years later they hike them up again blaming what happened 2 years ago? That's because it takes 2 years to fully refine the oil so the true effect is 2 years past. But they also use people's ignorance to hike prices when something current happens, it's all a money making scam, you're obviously the kind of guy they are betting on...


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