This is the typical headlines about oil prices in the last few months. The question is: Since the supply is Oil is run by a OPEC, basically a cartel, why can't oil prices reach $229 dollars. Why does the media want to make us believe that it about demand and supply?Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
The price is influenced by supply and demand, and by speculation. People think there could be a shortage, so prices go up. However, we saw demand go down this Memorial Day weekend, by 4% in some reports I heard, so the high price has started to decrease demand noticeably. This will push prices down a little bit.
The oil producers want to maximize profit while maintaining a high demand for the product. If oil was set at $229/barrel tomorrow, demand would drop significantly, and profits would drop.Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
The Media was told by the govt to use supply/demand propaganda to make people turn their attention way from the economic problems which are the real problems. I don't think crude will drop anywhere near to $100/barrel ever unless inflation is curbed permanantly. This is like telling people to smoke pot to ease depression just to fall into deeper depression.
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If it isn't truly demand and supply then its manipulation by the Green Fascists who want higher prices to stop carbon emissions.
It is like the fox raiding the hen house.When that will be no longer believable they will tell us something else.
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