fyi
You have to wonder why are they trying to artificially raise the price of oil?
What are they anticipating?
“There goes the $20 fillup.”
What do you drive? Must be powered by Briggs and Stratton....
Oil climbed after U.S. crude inventories unexpectedly dropped from the highest level in more than eight decades.
First off, I didn’t read the rest of the article. But the first thing that went through my mind was that one of three things was happening here.
The inventory numbers have been ‘manipulated’ and now the real truth is coming out, possibly because of an audit.
Secondly, ‘someone’ has been selling the oil out of the inventories and has not been reporting that. Leading to ripping off, investors, oil royalty owners, the government through non-payment of taxes, etc. And if so has made a ginormous profit.
Or possibly more crude oil is being sold to countries out of the U.S. thus depleting the inventory in a way that hasn’t been accounted for in decades.
The “Summer Driving Season” is almost here. Of course they’re going to raise prices at the pump. Happens every year.
T. Boone Pickens warned this would happen 3 or 4 months ago. My brother listened and loaded up on energy.
Good. I own a lot of energy stocks.
The $20 fillup lasted less than a week here.
A week later, it was up to $35 to fillup. Yesterday I spent just over $60. 20 gallons of gas.
manipulation - the oil industry’s strong suit