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Re: Oil Prices Should Fall, Possibly Hard 

By: micro in POPE IV | Recommend this post (1)
Mon, 14 Mar 16 5:55 PM | 70 view(s)
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Msg. 04657 of 47202
(This msg. is a reply to 04645 by capt_nemo)

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YA know,
the more I think abut the futures markets speculators driving up the price of oil over the past few years to the $160./barrel arena for absolutely NO REASON other than to make a BUCK off of every single person who MUST
DRIVE a vehicle,
I have absolutely NO COMPASSION for the energy companies OR those rapists who causes so much financial harm to individuals and families who had to make choices between buying a few more gallons of gas at over $4.00 a gallon OR getting something to eat nice for their family, buying needed shoes for the kids, or just paying the gas and electric bill.

I have maintained on this board for years that the oil prices should not be set according to speculative markets but rather should be controlled by what the consumers are willing to pay for a gallon of gasoline.

Adjust the oil price accordingly to the oil refineries so they can make their margins, and from there, you should see no more horrific oil prices.

Before some tell me all about the costs of producing oil, please, let me remind you, I kept track of costs to the penny of over 35,000 different items I purchased over 40 years. I know all about costs and I know about negotiating contracts and agreements.

This is a system set up solely for the billionaires clubs to rape, pillage and plunder a necessity we the people simply have to have....
And it is hurting ordinary people all over the world.

Governments as well need to get their greedy hands and fingers out of the pie with the hidden taxes in the price of gasoline also.

I am GLAD to see oil going to go back to where its worth again.... I would also like to see the price of gasoline be reflected in that $30.00 a barrel oil as well instead of where it was around here.

Just my morning rant so don't take it personally. I despise the way these prices have been manipulated and hurt only the average people....

Payback time is near!!! And I am glad...




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The above is a reply to the following message:
Oil Prices Should Fall, Possibly Hard
By: capt_nemo
in POPE IV
Mon, 14 Mar 16 9:37 AM
Msg. 04645 of 47202

Submitted by Tyler Durden on 03/13/2016 - 16:20

"I hope that oil prices increase but cannot find any substantive reason why they should do anything but fall." As market balance reality re-emerges in investor consciousness and the false euphoria of a production freeze recedes, prices should correct to around $30. A little bad economic or political news could send prices much lower.

Comments: 30
21,817 Reads

http://www.zerohedge.com/news/2016-03-13/oil-prices-should-fall-possibly-hard


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