Friday, July 23, 2010

Could a US President and his Saudi pals manipulate market forces to cause a rise in the price of oil?

Well of course. We have an oil man as President. Who do you think he's there for? Us?Could a US President and his Saudi pals manipulate market forces to cause a rise in the price of oil?
Not without everyone knowing about it.





The only way, would be if Saudi, cut oil production.





But since Saudi has increased oil production the last 6 years.





That rules out that theory.





But on the other hand,





The socialist Hugo Chavez, by nationalizing the Venezuelan oil industry, and firing all the experts they employed and using the Venezuelan oil industry as a jobs program.





Venezuela oil industry now employees three time the employees, it employed before it was nationalized.





This has resulted in oil production in Venezuela falling by 50% since the oil industry was nationalized.





And that has meant less oil available on the international market.





Increasing oil prices.Could a US President and his Saudi pals manipulate market forces to cause a rise in the price of oil?
No. While Saudi Arabia has a major share of the known oil, it does not have enough to cause the rise in oil prices we have seen. The recent raise in prices has been caused by old fashion market forces. Suppliers have kept the supply at a set amount, while the demand has gone up. This will either lead to price increases or shortages.
Could the Saudi';s and their American puppet president manipulate forces to rise the price of oil?





Yes.
Sure





Especially if they knew a Global Publisher.

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