I found these on the internet so they must be true……
http://www.rense.com/general81/pure.htm
Perhaps 60% Of Today's
Oil Price Is Pure Speculation
By F. William Engdahl
5-3-8
The price of crude oil today is not made according to any traditional relation of supply to demand. It's controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today's crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price.
http://www.breitbart.com/article.php?id=D9...;show_article=1
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
http://www.newsday.com/business/ny-bzbush0...0,4502200.story
Bush: No recession, just 'very slow economy'
http://www.bloomberg.com/apps/news?pid=206...refer=worldwide
Buffett Says Credit Crisis Ebbs for Wall Street Firms