Oil price defies swelling supplies

The Arabs keep telling us it's the high oil use that keeps the price high. I gues the Arabs were wrong.

Arabs? How about the big oil corporations? They're mainly Amarican. They're the big hand that squeezes and we are just lemons to them.

The oil companies don't set the market price for crude oil. The Arabs keep telling us that the prices have gone up because of high usage, but clearly there is more to it than that.

Price of Cruda as almost double in one years

Someone is laughing on his way to the back.

So what bothers you that they are American or a corporation? What about Canadian oil companies? or it just does not sound evil enough when its a Canadian company?

They dont set the price the market does. The Europeans are more to blame for this they are buying up oil cause its cheaper for them cause of the strong euro. This happened in the 80's also watch as it repeats itself and oil will crash.

If we have reached peak Oil (no more oil) then buckle down for a crazy ride!

The oil companies don't set the market price for crude oil. The Arabs keep telling us that the prices have gone up because of high usage, but clearly there is more to it than that.

Gotta disagree with you on this one as we are the largest supplier of oil to the US market, yet our oil is no cheaper than anyone elses. Its a market commodity run by hype, and we profit as much as a country as any ME country.

The oil companies don't set the market price for crude oil. The Arabs keep telling us that the prices have gone up because of high usage, but clearly there is more to it than that.

Gotta disagree with you on this one as we are the largest supplier of oil to the US market, yet our oil is no cheaper than anyone elses. Its a market commodity run by hype, and we profit as much as a country as any ME country.
What part are you disagreeing with?

So what bothers you that they are American or a corporation? What about Canadian oil companies? or it just does not sound evil enough when its a Canadian company?

They dont set the price the market does. The Europeans are more to blame for this they are buying up oil cause its cheaper for them cause of the strong euro. This happened in the 80's also watch as it repeats itself and oil will crash.

If we have reached peak Oil (no more oil) then buckle down for a crazy ride!

Everybody likes to blame "Big Oil". Canadians think Americans are stealing their oil and giving them nothing in return. They want a free market for all other goods but when it comes to filling up their gas tanks they want the government to get involved.

drive less

less demand price falls

gas (oil) is a commodity and as such treat it like one.

What part are you disagreeing with?

The part where you said It's the traders on the world markets where apparently just talking about the high price of oil was enough to raise prices on a barrel of crude.