Checking in to the source now. Posted on my FB wall.
This guy is going to get killed. Ben and the boys aren't going to put up with this much longer.
whow , since 1973 , i wonder when OPEC started at full memberships.
is the tail waging the dog ?
Last edited by ILUVRP; 03-03-2012 at 02:37 PM.
Yup, clearly it's those "evil oil cartels" & dollar is just fine
Yeah, & since those cartels can push up prices by choking supply, why don't they REALLY choke it like & raise the price to $1000/barrel? $10000/barrel? How about a $1,000,000/barrel? Or are they really that nice to give it @$100/barrel even though they can charge whatever they want!
NO, it's because they CAN'T dictate prices, supply & demand do & when prices rise too much, selling becomes more profitable & they sell more & often try to undercut each other to maximize their profits & rising prices will cause a falling demand & thereby an automatic downward pressure on prices until they can't go down any further
So clearly the video is correct, it has to do with depreciating dollar than the government PROPAGANDA that "it's those evil cartels & slimy speculators"
OIL priced in gold
NATURAL GAS priced in gold
Clearly, price of oil hasn't really gotten much off the ground after the collapse while natural gas is at its lowest, denominated in gold
And just look at how price of oil has hardly changed much over so many decades against the gold, that tells you how much dollar has depreciated!
Check out more on http://pricedingold.com/
Last edited by Paul Or Nothing II; 03-04-2012 at 03:55 AM.
There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
- Milton Friedman
get out of the kool-aid line for a while and read about crude oil trading on ICE .
then you may have a better understanding of what is going on.
its not pump and dump ------ its pump and pump.