Oil Price Manipulation
http://abcnews.go.com/Business/wireStory/oil-flat-day-rise-15766326
This is what happens when you don’t have regulations….
Oil prices rose to nine-month highs above $106 a barrel Thursday
Despite the rising prices, there seemed to be ample supplies available. A report showed U.S. crude stockpiles growing more than expected last week, suggesting demand remains sluggish.
When Supply is going up and prices are also going up something is not right. That is not a free market. That is a manipulated market that needs to be regulated.
The American Petroleum Institute said late Wednesday that crude inventories rose 3.6 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 1.7 million barrels.
Crude has soared from $75 in October, raising concern that higher gasoline prices may stymie consumer spending and an improving U.S. economy. Analysts fear mounting tension over Iran's nuclear program could lead to a disruption of global crude supplies and trigger a jump in prices.
It could lead to a jump in prices? Could? Prices have gone up $31.00 a barrel in 4 months and the fear is it could go up? It is going up and nothing has happened yet.
Time to regulate!
This is what happens when you don’t have regulations….
Oil prices rose to nine-month highs above $106 a barrel Thursday
Despite the rising prices, there seemed to be ample supplies available. A report showed U.S. crude stockpiles growing more than expected last week, suggesting demand remains sluggish.
When Supply is going up and prices are also going up something is not right. That is not a free market. That is a manipulated market that needs to be regulated.
The American Petroleum Institute said late Wednesday that crude inventories rose 3.6 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 1.7 million barrels.
Crude has soared from $75 in October, raising concern that higher gasoline prices may stymie consumer spending and an improving U.S. economy. Analysts fear mounting tension over Iran's nuclear program could lead to a disruption of global crude supplies and trigger a jump in prices.
It could lead to a jump in prices? Could? Prices have gone up $31.00 a barrel in 4 months and the fear is it could go up? It is going up and nothing has happened yet.
Time to regulate!
posted by res17 at
February 23, 2012
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