What the Heck is Going on at the Gas Pump? | Uncommon Wisdom Daily

What the Heck is Going on at the Gas Pump? | Uncommon Wisdom Daily

Here are some highlights, but this article is a must read:

1. World demand estimate has declined, but oil still goes up.

2. America provides 84 percent of usage through our own production yet we are held hostage to more expensive Brent crude prices. Speculation is rampant in London even more than here.

The article gives some great charts and facts. I believe the oil market is cornered. After all, one guy was able to corner the cocoa market. So clearly the investment banks have the power and the law behind them to corner the oil market.

This theft is destroying the working poor and causing Walmart to worry about their customer base. But the Fed doesn't care so long as the bankers make out like bandits. Oil and banking are closely intertwined.

Ok, I added my two bits, now read the article.

Since it is an investment article, the author gives ideas on how to invest in this environment. But if you don't care about that don't let it get in the way of the facts the article show regarding the evils of speculation and total oil supply and demand. 


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