The predictability of oil price fluctuations
Oil prices are so predictable that it is pathetic. it seems that oil has now reached $71 per barrel due to sudden drop in US inventories.
What is that please someone explain to me? Are we going to pretend that this really effects the price of oil? I don’t think so, but it does make a good excuse to raise the prices. Now, who would like to bet we will hear about record profits from the oil industry. I would like to make a good case for my observation, but why bother everyone pretty much knows this oil game is a sham. Mind you, I am not against it at all, I think this is what we deserve for allowing ourselves to be owned by energy companies. So I say screw on to the energy companies who have the world by the “cojones”(a spanish word for male vocal cord altering devices, though some females have a virtual set) keep squeezing. Oh mama!!
Oil prices will magically seem to stabalize at $80-ish and we will groaningly pay at the pumps with our mouths shut. Not a peep.
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