Oil Prices Spike — Thanks to the Government

[FrankRep]

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Oil remains one of the commodities which is fungible, valuable in itself, and can be owned by private citizens, so it is small wonder, then, that the price of oil is jumping once again to very high levels — $91 a barrel. by Bruce Walker


Oil Prices Spike — Thanks to Government (http://www.thenewamerican.com/index.php/usnews/politics/5505-oil-prices-spike-thanks-to-government)


Bruce Walker | The New American (http://www.thenewamerican.com/)
14 December 2010

[free1]

It's UP!

It's DOWN!

"Crude oil prices slipped on Tuesday, seesawing with the dollar and pressured after the Federal Reserve said economic recovery was still to slow and reaffirmed the central bank's commitment to its bond-buying plan designed to stimulate the economy."
http://www.reuters.com/article/idUSTRE6BD61U20101214

And as always, those reporters make this crap up. They have no clue why the price is changing.

I love it when they say "the stock market was up today because..." and then they make up some bull story and everyone believes them.

There's so much corruption and back door deals going on that no one can actually tell you why things are going up or down.

One thing you can depend on, the bankers are getting richer.