Quote:
Originally Posted by AlienQ
The problem is not in production of oil but speculative buyers entering the market and driving up the prices.
Blame the jews?
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Actually you can blame Bush for the speculative buyers. He was the one the decided to not regulate the way oil was traded and rejected an in work Clinton plan to regulate it. This allowed for people to control huge lots of oil with very little actual capitol. With speculation you only need to put 5% down. So you can control 1 million worth of oil for as little at 50K, this has helped drive the price way up.