posted on Jun, 15 2010 @ 01:21 PM
Tied? I am unsure. but they are related, to be sure.
Each is a speculative, phoney market. Each is manipulated and controlled at the highest levels to ensure the highest returns, or the desired
Oil is not worth more than about 20 bucks a barrel. Yeah, i know lots of folks will scream at me about this....but it isn't. We have suppressed
refinery capacity, and this has suppressed drilling capacity.
I live out here where there is a LOT of oil. We have school districts with values in the billions. There sure isn't any drilling going on out this
way. The old mark used to be set at about 70 bucks. Once you got the 70 a barrel, you would see drilling starting to happen. That was when the
dollar was worth more than toilet paper, though. I keep hearing now that they are looking for about 100 a barrel before they will pull the rigs back
out (or call them back in from other parts of the country where labor costs are lower). It isn't that the rig operators can't make money at 50 a