freedom
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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
If that's your way of trying to tell me that the economy is going to be fine and the price of oil is going to drop like a rock then can you tell me what Santa is going to be brining me as well this year ?
Perhaps no one told you , but there’s a full fledged war/occupation going on over in IRAQ , and that happens to be one of the worlds major oil producing countries , oh also it’s right by the OTHER ones as well…. If IRAQ destabilizes the instability in the area will spread .. The price of oil will go ever higher too …
China and India are also emerging countries that are now guzzling more and more gas as well , hey question for you , what two countries have the worlds largest populations ? Oh that’s right , china and India ! …
Oil might be slightly over inflated , but it’s not a bubble and it’s certainly not going to pop anytime soon .. And guess what , the higher the price of oil goes up , the less money you and I have to spend on stuff here in this country , that’s why ,economic numbers or not , most everyone I talk to THINKS there’s a recession , and that’s all it takes to make one … we will go into a recession , not to mention the other facts that I’m not going to bring out , most of our workers read the papers , they know what’s going down … please don’t try to tell me everything is sunshine and love when the sky is raining down on me .