Economy

The Price Of Oil Is Rediculous

June 6, 2006 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

Who is this joker and why is gas jumping on his words? The world is being gouged by the oil commodities traders and regardless of whether they know it or not they are destroying the worlds’ economy. The price of oil is already adjusted for disruption, how much higher can it go? Each time some idiot speaks out, or a butterfly flaps its wings, the price of oil goes to another ridiculous high, how much more of this idiocy can we tolerate?

We get oil from more than just Iran; it is ridiculous that the price jumps so much because of their rhetoric. The original price of oil jumped because of the Iraq war. However, the perception was worse than reality; the war has done little to affect supply and demand. The same occurred during the invasion of Afghanistan, again the perception was worse than reality, this to had little effect on oil supply and demand.

It has been proven throughout history that one country cannot affect the oil supply and demand enough to disrupt the market, therefore it must be asked, ‘Why are we tolerating these price increases?’ How much longer will America, and other countries, tolerate this type of behavior? It is ridiculous. We have an election coming soon in America and I believe that if our politicians cannot properly address this situation then we need new ones.

I also believe the price gouging by oil commodities traders, and oil companies, needs to be addressed by the worlds courts. We cannot allow such brazen market manipulation to occur so openly and uncontested.

Iran alone cannot disrupt oil supply and demand

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