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Magoo48

(4,659 posts)
9. Consumption worldwide is in decline,
Fri Feb 17, 2012, 07:04 PM
Feb 2012

therefore they are scaling back production.....manipulate the supply/demand ratio.....manipulate the public thru advertising. The oil business is, both literally and figuratively, the filthiest racket on the planet IMO.

Because it can. nt valerief Feb 2012 #1
exactly. shanti Feb 2012 #21
You beat me to it. nt nanabugg Feb 2012 #25
with the media greasing the skids. rurallib Feb 2012 #26
speculators? Greedy mofos? CurtEastPoint Feb 2012 #2
Greedy oil companies doing their part to kill an economic recovery liberal N proud Feb 2012 #3
I think trying to kill an economic recovery could be part of the reason why. applegrove Feb 2012 #32
Well, if more people are working & more companies are delivering goods... Bruce Wayne Feb 2012 #4
Well, I'll wager that you will not find demand up this time of year. Also, did you know that "we" theophilus Feb 2012 #34
Big oil threatened "Huge political consequences" if Obama didn't approve the pipeline. tridim Feb 2012 #5
This message was self-deleted by its author pampango Feb 2012 #6
Because they can Politicalboi Feb 2012 #7
Tax refunds are on the way. greendog Feb 2012 #8
Consumption worldwide is in decline, Magoo48 Feb 2012 #9
we need to bypass oil altogether Rosa Luxemburg Feb 2012 #17
Very true. Unfortuantely we can't bypass oil this year or next or even in a decade... spin Feb 2012 #33
we're down to 3.19 here about 30 miles north of Detroit. notadmblnd Feb 2012 #10
We just went above 3.00 per gal for regular... kentuck Feb 2012 #11
3.80 here in S.E. Conn NutmegYankee Feb 2012 #31
Spring is coming Texasgal Feb 2012 #12
It did this last winter. Up in the winter.....down in the spring.... theophilus Feb 2012 #35
Some, no but the speculators are, sort of, and partly FarCenter Feb 2012 #13
I thought prices would go down after Iraq. pwb Feb 2012 #14
Oil is $120 a barrel Spider Jerusalem Feb 2012 #15
It's not because of increased usage in the US Yo_Mama Feb 2012 #16
Record exports of refined gasoline and diesel leaving the market for overseas. Ikonoklast Feb 2012 #18
We import the crude, refine it, and ship the refined gasoline and diesel to other countries FarCenter Feb 2012 #22
not really Spider Jerusalem Feb 2012 #23
Oil cos are doing it to derail Ilsa Feb 2012 #19
There are lots of reasons... sendero Feb 2012 #20
I think it's Iran. n/t jenmito Feb 2012 #24
Because they want to point their finger at Mr. Obama and yell "IT'S HIS FAULT". Booster Feb 2012 #27
We all paid way too little for way too long Ron Green Feb 2012 #28
Speculation by 5 investment banks "betting" on the future price of oil Samantha Feb 2012 #29
I think this is the major reason... kentuck Feb 2012 #30
Its greed by the big oil companies madokie Feb 2012 #36
Because walking to work is a drag taterguy Feb 2012 #37
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