Posted By:
Tom BoblittOil companies don't set the price of oil. If you want to say OPEC is manipulating prices, I'd agree some. They have a mutual interest of keeping oil at a reasonable level as it will keep people--ALL people from looking for alternative fuel sources. I'm not sure they REALLY care who's in office as long as the checks keep coming....The US is the largest oil consumer--FOR NOW. That will change in the upcoming years. You would have to agree supply and demand forces on pricing from India and China have had SERIOUS effects on oil. And hmmm.....NO hurricanes, reduced consumption by American public might have made a dent in the pricing model too. I've even seen stories about that on other media outlets than the evil Fox network. And....while we're talking about the current administration's efforts to find alternative sources, I'm not sure what Clinton in 8 years or Jimmy Carter in 4 did to further the alternative fuel sources. Too many people have too much to gain by keeping the status quo--both Democrats AND Republicans......
We have at least a couple energy traders in our midst.....everyone's harping about contributing to the board in the other thread....how bout some contributions.....?