Originally Posted by Farnsworth, L.P.

Of course he won't say. That's because the costs of producing oil haven't risen, nor is there a shortage. Even the North Sea oil platforms are raising oil at less than $9 a barrel. and they're usually the highest cost producers. Even in the swamps of Venezuela, it cost on average less than $4.30 a barrel to raise.

What you see here is the same thing you saw in the last 'energy crisis'; a weakness in government policies and international relations, preventing any concerted effort to reign in price gouging. This is purely a huge money grab, probably a last gasp before the world economy tanks for good. 'Free trade' was anything but free, it was just another 'miracle' bubble of tax subsidies and massive, unconscionable labor racketeering run on an international scale.

We're just repeating history here.

Originally Posted by Adept1

Yup the speculators are betting that the democrats and liberals can keep the oil companies from increasing the oil supply for the increasing needs of the world. To try to say that we cannot drill our way out is just as stupid as to say we could conserve our way out. Constrict the American companies right out of the market just like they have driven production companies out of America.