Friday, July 4, 2008

This crazy oil crisis issue.

People should realize and wake up. This oil crisis dilemma is not brought upon by oil producers like OPEC or those countries ravaged by conflict and chaos. The finger pointing has been so endless, putting the blame on the wrong people. Especially in the media everything has been so hyped up that every time a world leader gets a tantrum prices go up, if OPEC outputs a billion barrels a day the price won’t go down. And if you think the fighting in Nigeria stops oil will go down? No way. The culprits to this story people are those suits on Wall St., those with the balls to speculate and the money to hoard supplies, what’s worst about this whole scenario each one of us gets the pinch out of this. Have you ever seen an oil producing country or leader going on TV saying “hey today let’s price oil at $146 a barrel”? We are market driven folks and things go up and down depending on how the suits on the trading floor see things are going. And if you think prices will go down if we flood the streets, no way Jose! If leaders and people are dead serious and putting an end to this they should wake up and gag speculators and hoarders. If they could only think of a moratorium to temporarily stop oil commodity trading ad make it a government to producer trading for now and even decide to put a cap on prices that all agree upon I’m sure oil won’t be $146 a barrel now. In short cut the middleman and make less people deal with the whole oil trading.