Thread: Oil
View Single Post
Old 12-08-2006, 11:02 AM   #9
Diggin Jiggin
Registered User
iTrader: (0)
 
Diggin Jiggin's Avatar
 
Join Date: Nov 2004
Location: plymouth,ma
Posts: 1,142
I tend to think oil prices are going to keep going back up. This administration is oil company friendly, and they know it.

Isn't it interesting that we saw such a large drop in prices just in time for the november election. And now that the election is over and the republicans lost, they are creeping back up at a time when historically they go down.

And ya its supply and demand, but the gasoline supply is manipulated by the oil companies. With the supply up & the price started to drop, it became time to take some refineries out of operation for maintenance and to switch others to refining heating oil so that the supply drops and the inflated prices can go back up.

This industry needs some major oversight, maybe even more than oversight.
Diggin Jiggin is offline