Re: Fuel prices when is enough enough

Posted by Cue P. on March 07, 2008 at 09:05:13 from (66.236.176.117):

In Reply to: Fuel prices when is enough enough posted by Gary in TX on March 07, 2008 at 07:58:08:

Its easy to blame "big oil"...its being drilled into us everyday by certain political groups that the rich are out to sink the poor, OPEC is out to hurt the US, big oil is out get rich. Unfortunately, its not that simple...the price of oil is going up on speculation in the market. I have yet to hear to hear an oil company announcing a price increase or OPEC announce a production cut. All this hype by, again certain political groups, about a looming recession and a return to the 1970s has investors turning away from some market segments and looking at others - oil being one, which drives up the price. Gold is reacting the same way after years of being down. And, no one was out to help the oil companies when the price was $10 a barrel and they were losing their shirts in the 80s. Just some food for thought.

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