predator speculators---the cause of...

predator speculators---the cause of high priced oil

Posted in the Benton Harbor Forum

pappy

Dallas, TX

#1 Jun 18, 2011
So why has the price of oil been so high? Especially when we have a surplus on hand and the refineries are running at about 85 percent and running at the usual 90 percent or more ---the demand for gasoline and oil products are down. And OPEC is pumping what their customers are asking for. And Goldman saches is looking for new buyers of their products of oil futures---not keeping a so called money maker in their vaults- Another question I have is --why is our country trading light crude to Europe for thier use from our reserves and taking a price reduced heavy oil in trade. Light crude is by far, an easier crude oil to refine. We do have plenty of suplus oil on hand, so why is the price of oil so high causing the price we pay for gas to also be higher than need be. I would say the cause of high priced oil and gas is caused by PREDATOR SPECULATORS

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