Topic: Oil Prices
First they told us oil prices were soaring because of the Gulf War. When that did not work they told us it was the issue with Syria. When that got old we were told the problem was Iraq. Then they said it was supply and demand. And now they are telling us that commodity speculators are driving the prices up because of the issues with Iran and countries such as Nigeria. Yet, the oil supply/reserves in the OPEC cartel are at an all time high. There is a problem here with the laws of supply and demand!
To make matters more exasperating, the ex-chairman of Exxon, Lee Raymond, just received a retirement package worth 400 Million dollars. Does that make any effing sense? Who pays for this jackass salary & bonuses? Bottom line, we do, the poor people that pay for gas at the pump.
Do you know that Brazil will complete their transition to ethanol sometime this year or early this year? Do you know this transition started in the 70's? How did the US miss that? Ha! Big Oil Companies did not allow it to happen....PERIOD.
When are we going to stick our hands out the window and yell "I am not going to take it anymore" (from the movie "Network"). Probably never! Our children and young adults watch so much TV they are becoming zombies for the The Powers That Be...........They are slaves and don't even know it!
Here is an article on OPEC’s position on oil prices and supply:
http://www.mercopress.com/Detalle.asp?NUM=7696
Here is short article on oil prices and the ex-chairman of Exxon.