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Old 10-30-2014, 11:43 AM  
dyna mo
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Quote:
Originally Posted by Relentless View Post
You can't seriously believe that.... Gas prices are set by a very small group of people in the Energy sector. A short term bump or valley in prices is absolutely something they can collude to happen for a period of a few months. Supply and Demand does not in any way set Energy prices. Speculators and special interests massively impact price in ways that have nothing to do with supply and demand. OPEC has not used supply-based pricing... ever. Neither has Exxon. Gas prices are also not in lock-step with oil prices. For example, the false reason given for recent spikes was a lack of refinery resources not a lack of oil. The real reason for higher gas prices is simpler.... profit.

Your viewpoint on this hasn't been accurate in decades, just as Earnings Per Share used to be important and now has very little to do with stock prices in many cases (and in fact much less than high frequency trading practices have to do with price) - the price of commodities is similarly rigged.
I very much believe it because people smarter than you (or me) believe it.

either way, what you wrote has nothing to do with the silly notion that USA politicians manipulate global oil prices to influence voting.
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