Friday, May 30, 2008

Oil price fixing?

The government is investigating manipulation of oil prices. Some say it is all supply and demand, but I feel that we are being taken to the cleaners. Today gasoline at sunoco was $3.92/gallon and it is heading closer to that magical $4/gal for gas as summer driving increases.

Some say that $130/b oil is a bubble,
but I feel that soon we shall see oil hit 200 and keep going. Perhaps this will be much sooner than you think as the world situation gets worse by the minute.

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