Unfettered Speculative Bubbles in Oil industry given BIG Boost

SEC adopts new oil, gas reporting standards

WASHINGTON (Reuters) - U.S. securities regulators adopted rules giving investors a more complete picture of the oil and natural gas reserves that a company holds, the Securities and Exchange Commission said on Monday. Under the new SEC rules that are supported by the energy industry, oil and gas companies will be allowed to disclose their probable and possible reserves to investors.

So with these rules they allow future speculation of potential oil reserves that would remain effectively unfettered. Both Probable and Possible. There is a HUGE doorway to abuse here. With OPEC in concert we may see out of control inflation just as many have been predicting. I think someone is trying to force this. And this may very well be the final nail.

Also interesting that the 'product' itself is getting something of a boost out of the ongoing hostilities....

Timing ...... is an art!

Yeah no kidding. We're going to see sky high prices caused by an artificial demand bubble that will dwarf the 70's. Combined with the way t-bonds and t-bills have been trading, the Fed's actions on interest rates, the bailouts, and Obama's HUGE spending ticket, we are going to be in for one hell of an inflationary spiral in the very near future...Group this with massive layoffs, foreign money leaving the US for safer investments, US credit rating being dropped below BBB, wave after wave of defaults, credit card cuts in the trillions, tax hikes that not even god would levy, and you have yourself a recipe for collapse and revolution.