Right now there is no justificatio for the price of oil and gas on the market.
There is zero reason it should be near 100 a barrel and gas alittle under 3 a gallon.
Oil reserves are at the highest level they have every been in history.
I think now they are holding it high as long as they can because the
European Union opened an investigation into price collusion among
oil companies and traders. Something we all knew has been going on
but no one in the U.S. would investigate since we know how inbed
u.s. regulators are with corporations...need to make as much profits
as possible before it comes crashing down...
Always takes the european union to solve things...expect changes
come the end of the year.
Just as they were the ones to uncover the bank frauds and the newest
bank fraud announced a couple days ago, they will solve this one too...
They just fined several the big U.S. banks and forcing them to carry
more "real" cash on their balance sheets as punishment
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There are no stupid questions, but there are a lot of inquisitive idiots
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When you try to please everybody, you end up pleasing nobody