Reply #1: Blaming the Saudis is not going to do us any good

[lxlxlxl]

It's true that the oil prices are dependent on OPEC's output, but what we are seeing now in the market is a result of Speculation, hedge funds making long and short term bets on oil (food prices could also be included). Goldman and JP are principal players. People really need to open up their eyes to profit taking all over the globe, and not just focus on "saudis", which unfortunately in this political context easily gets tied into Anti-Muslim/Arab/Persian fears.

Wall Street and the Americans who invest there are just as complicit, and frankly, at above $80 gas, we are all going to get screwed.

BTW, I think the BAE scandal is more interesting Saudi news...