Originally Posted by
kydonky
Here is some food for thought.
So Iran causes tension in the middle east, no act, no disruption, no physical effect on oil production what-so-ever and gas prices go through the roof.
A major catastophy, explosion and largest spill in one of the biggest oil fields in the world caused by a major drilling opperation and gas prices remain stable through the emergency (the BP spill in the gulf).
So how is it that oil speculators can be held in check when the problems reflect badly on big oil, and there is no control over speculators when big oil is not implicated?
Strong evidence that oil companies have greater influence on gas prices than they would have you believe.
Profits soar when there is any problem not attributed to drilling, yet stable in major catastrophes that relect poorly on the industry.
Quite a spin machine.
I think will will see record high oil company profits again this year when everyone else will be taking their bath.
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