Friday, December 18, 2009

Why is oil up today after oil inventories were up?

If we have more oil than we are using, why does the oil price continue to drive upward? This does not make sense, does it?Why is oil up today after oil inventories were up?
It does if you embrace the concept that investment speculators who buy paper futures in the oil market will continually drive the price upward until demand wains.





If people do not change their consumption habits by cutting back on energy use or by finding alternate energy sources, or governmental agencies do not implement effective countermeasures to offset the future market frenzy, the price of oil will continue upward until the global economy completely collapsesWhy is oil up today after oil inventories were up?
The price of oil will go up regardlesss even it we locate 2000 new pools of oil. People will listen to Lindsey (www.lwoil.com) Things are happening that he knew 25 + yrs. ago.


In 1960 Lindsey says that crude oil was chosen to control the world. He says that a few families were involved in this venture and just like my H.G.Wells Outline of History says


every era there were wars over the minerals and oil etc.


He also says that the poor unsuspecting people that they dwelt with would be offered high loans and would have them


buy our national debt. These people (federal is not really we the people) but these few that have multitudes of Americans doing their dirty work. Oil is just stored and stockpiled and used as currency. The rest of the world found out that the paper currency was just that, PAPER.


Good ?? The congressmen and Bush and Cheney know the plan. The company that Cheney was a CEO once, is one of these companies that were doing some of this work and they know why the congressmen, that want to do right know their life is in danger or their families.


Peace!!

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