Tuesday, March 10, 2009
Oil rises to near $48 as OPEC signals supply cuts
When oil is back up over $100 we will be hearing the usual reason: "supply and demand." However, few will mention the OPEC cartel and its ability to set prices at the margin.
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As artificial as Sudan Red colouring ...
Is the so-called inflationary whiplash spike that is follow stimulus spending more a function of these types of commodity mafias demanding again what they were charging two years ago after the deflation lull in prices, or is it true supply / demand ?
It's all relative to their overpricing and fictitious speculation that has evaporated and never existed.
This oil cartelling is a form of taxation to the US Tax payer more than deposits into / on institutions could ever
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