I never did understand the oil prices last year.

[LuvDaBlues]

This helped.

Interesting watch.

http://www.cbsnews.com/video/watch/?id=4713382n

You just can't wash the Jeffrey Skilling smell off

[86Sebring]

I have been wondering why this story was not in the headlines during the period when the price per gallon hit close to $4.
Pretty pathetic that a bunch of greedy gangsters get away with this crap and the media keeps it quit.

[LuvDaBlues]

Actually, only the "greedy gangsters" knew what was going on. They had, and still have, everyone fooled. When asked how the numbers work, they "gangsters" say it's too hard to explain.

You need to rent the movie "The Smartest Men In The Room". It shows when making money, everyone falls for it hook, line and sinker. The Bush Admin was the worst.

[86Sebring]

There were other people who knew what was going on at that time, its just that none of the mainstream media was going to print it.
here is a page from June26th, 2008 if you care to read:
http://onlinejournal.com/artman/publ...ter_3421.shtml

[joe g]

my future son inlaw said to me back in july that you would see oil below $100 by labor day and down to around 35-45 by fall. He is an oil trader- once the (gangsters) pushed the price as high as they could, they dropped out of the market and the price fell. It had nothing to do with supply or demand. He feels now you will see a slow rise rise to maybe 50-60 by summer. They, the traders make money whether the price go up or down- if it does not move they make nothing, so its in there interest to keep it moving one way or another.
joeg (Smokingcobra)