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Originally posted by scepticsRus
In answer to your opening question.
It costs you maybe $5 to produce the oil and charge $140+ for it ... thats quite a nice profit isnt it! so why bring down the price of oil if everyone seems happy paying the current price for it .... sure it may drop slowly but they will keep it as high as possible for as long as possible .....
This is all about greed. There are a few people/organisations in this world that like to make lots of money..... afterall how else are they going to aford that mansion and yaught .... and god forbid that you dont have the new bentley or fararri and the super models hanging off your arms.
I'm just waiting for the oil companies to post record profits this year ..... and OMG there will be an outcry when they do.
Originally posted by Roper
Maybe this will help some of you that are in desperate need of understanding the market.
This is 2006 but it should be give us a little knowledge as to what is going on in the market.