You see it....I see it....but the press and most others don't or don't want to see it.The speculation will,once again raise prices more than an actual supply and demand problem.All we would have to do is buy more from Russia.
Arab countries are "double dipping." First they make tons of hard cash selling oil to the West. Then wealthy Saudis, Kuatis, Egyptians, and others, make money speculating on oil futures. They do it themselves, openly, or through front companies, bankers, and hedge funds (like Soros).The international oil market promotes this infectious corruption. Does anybody in D.C. mention the reality of oil speculation? Not really. Most are too busy begging for cash from lobbyists. In a few months, OPEC may switch from USD to Euros. This will further increase the pressure on average wage earners. Does anybody even care? Nada por nada. People are too busy using their homes like ATM machines. "Gotta buy that new SUV," they think, while jabbering on cells phones in heavy traffic.