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To: RWR8189

So - in 21 months, the price of oil has basically doubled. I just don't believe all the supply/demand mumbo-jumbo. That would indicate that a scarcity of major proportions.

Somebody somewhere is pocketing insane profits at the cost of consumers. Nothing wrong with profit, except when it is gained through fraud and deceit which I am firmly convinced is the case here. Global supplies are not drastically down. Consumption has not doubled in the last 21 months. I believe that prices are being manipulated - and I solidly put the blame on Saudi Arabia and it's cartel of international crime bosses.

I remember reading right here on FR a few years back about how oil prices at the time were too low to make it profitable to supply our own oil needs - or even to significantly produce oil here. Well - if oil at it's current price wouldn't be profitable to produce, something is wrong. Yet, other than ANWAR, what efforts are underway to bolster our domestic production?

And yes, I know that the enviro-nazi crowd bears some blame - but not for doubled oil prices and gasoline prices that are headed to that same figure.

I am truly getting concerned at what the current trend in fuel prices is going to do to our strengthening economy picture. I also find it difficult to believe that the prices have put no dent in consumer demand for fuel. Most people I know have curtailed driving habits, cut extra driving, parking their gas-drinking machines as much as possible.


5 posted on 04/05/2005 5:42:51 AM PDT by TheBattman (Islam (and liberals) and gasoline producers and sellers- the cult of Satan)
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To: TheBattman

I have posted this link before, but it still holds water.

Rumor Mill Makes Oil
http://www.nypost.com/business/22329.htm


6 posted on 04/05/2005 5:52:46 AM PDT by TheForceOfOne
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