no, in ths case,oil is high due to illegal price fixing.saudia
arabia,for example, has complained they have so much oversupply ,that
they have no more space to store all the excess oil.and just last year,
the saudi oil minister,said ;"oil should be trading at around 15 to 18
dollars a barrel"...when you start reading news stories like that, it
does not take a genius to figure out something illegal is going on.they
arrested the Hunt brothers for doing the exact same thing to sliver
proces years ago. and the unted states attorney gemeral said in a press
conference just over a week ago they have evidence of "illegal price
fixing in the oil commoditis market by an international crime
organization" and are investigating right now"....THAT is BIG news....
"Arrest the oil commodity speculators for conspiracy to commit "price
fixing" !
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