Friday, July 4, 2008
Oil prices, and what's wrong with them!
You want to know what's wrong with oil prices today. I'll tell you. For the last couple of years there have been numerous infomercials and regular television commercials advertising how to make lots of money in the oil futures market. These commercials almost always included a so-called expert telling you that oil prices were at all time lows and that these prices would only go up. Ask any economist, and they will tell you that buying stocks or futures instantly raises the prices of those stocks or futures. The only people that are getting rich from these oil prices are the ones that were running the infomercials, because not only did you have to send them money to learn how to buy the oil futures with their "exclusive system." But you know, they also owned plenty of oil futures of their own that were purchased when the price was $40 or $50 a barrel. Now that oil prices are over $140 a barrel these scum are now selling off their futures slowly to keep the price up, but still make a profit. All of these experts that are citing oil speculation as the reason for high oil prices are actually right but they are constantly shot down by people who would like to think that we do not have enough oil supply and that only increasing supply will ease the price increases.
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