its not a free market. we have 4 or 5 majors controlling it, a worldwide cartel on the supply side, wall street speculators and hedge funds flooding the futures market turning it into new "tech stocks" - and consumers who must have the product to conduct their lives, taking it on the chin.
I am not for price caps either, but don't claim that oil is some kind of perfect free market, its not, its heavily controlled and manipulated.
its not a free market. we have 4 or 5 majors controlling "it, a worldwide cartel on the supply side, wall street speculators and hedge funds flooding the futures market turning it into new "tech stocks" - and consumers who must have the product to conduct their lives, taking it on the chin.
I am not for price caps either, but don't claim that oil is some kind of perfect free market, its not, its heavily controlled and manipulated."
Your post is worth repeating. Their is no free market in oil. It's all heavily manipulated.