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To: stockpirate
Opec is pumping huge amounts of oil in an attempt to crush our oil producers.

In the meantime, Goldman Sach's and speculators have driven the price of oil from under $30/bbl about two/three months ago back up near $50/bbl even though OPEC is pumping near record levels of oil and demand is still down to flat.

No market manipulation going on here, no sir! (/sarc)

32 posted on 05/19/2016 4:14:07 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

Part of the price increase is due to retooling from heating oil to summer gas blends. Prices will drop soon, oh and Obamas $10.00 surchsrge /bbl of oil.


37 posted on 05/19/2016 4:51:39 AM PDT by stockpirate (Flush Limbaigh a low information talk show host concerning Ted sCruz and Marco foamboy Rubio.)
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