Quote:
Originally Posted by Dirty Harry
I don't understand what you mean.
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I'm probably never going to be able to explain how oil prices aren’t always connected to supply and demand, but instead driven instead by speculators who's goal it is to maximize profit on a commodity. A lot of it is provided in this 262 page pdf:
http://www.google.com/url?sa=t&rct=j...j2O9xnZriGlKTA
Supply and demand does exist. But events like the OPEC oil embargo and the first gulf war didn't really make that big of a jump in prices. The gulf war sent prices from .99 to $1.09 and gas was back down under a buck again shortly thereafter.
If you don't understand how Wall Street getting involved into the mix after the "Enron Loophole," I'm not going to be able to explain it to you.
And I'm pissed at Obama for not fixing this as he campaigned on like a motherfucker in 2008. But the CFMA of 2000 was a bi-partisan thing. I'm pointing the finger at all of those fuckers and Clinton for signing it.