Crude Oil Board

When will somebody admit that the world will never recover unless the greedy oil companies are made to control their prices. Now that people are barely getting by, the oil prices will raise the price of gas again and more people will go under. One week we are overstocked with oil and the next we have a shortage. $10 rise in oil in 2 days. Get real. What the oil companies don't take from us our new president will.

You can blame everything that has happened to the economy that you want to but when gas prices shot up, everything collapsed. Thank you for ruining the world economy rich, greedy, oil tycoons.

Good point Oilruinedus. When oil prices tanked a year ago, oil companies could not justify exploration costs of new fields, and new explorations pretty much halted. This resulted in savings but very little spare capacity. Now that economies pick up and more oil is needed the new oil fields have not been discovered and there is not enough oil for everybody.
Oil discovery is a long term investment and it went out the window. Now the chicken comes home to roost.

I would just like to say, of all of the education we have here and around the world, we are in a pretty big pickel when it is elementary that has got us in this mess. The economy is being ran by really greed. Oil prices goes up when we get up and blab hey we are at the bottom of the recession. Then that rings the bell for the oil industries get all pumped up and up goes the price of oil. See, that wasn't so hard to figure out. When are we going to get educated enough to turn this mess around to where people can be prosperous and help support society as it should be? We teach our children to not be so greedy, but then the top officials, go gun ho on getting all they can legally and ilegally get thier hands on. I'll close with this, we are only on this earth for a short while and we are not going to take it with us, heaven we don't need it and the Devil will just burn it.

I heard on the radio on my way to work today, the economist say we are out of recession. Just this one comment will raise crude prices another $5.00 a barrel. Before you know it, the greedy tycoons will be back over $100 a barrel and the government will still not figure out why the economy is bad. I say vote them all out. The economy will never recover in my opinion as long as the gas prices are above $2.25 a gallon. It is fun watching the Exxon station here in Monroe, Lousisana. They will change the price of gas 3 to 4 times a day if possible with no new delivery of fuel.

After reading the posts here I get the feeling many think the economy/oil prices are somehow supposed to get "better".My feelings are not so positive.I can see us looking at the times we're in currently as being thought of as "the good old days" in the not distant future.The standard of living is gunna be only down hill from here on out.Liquid fuels are in short supply and we have no replacement as far as I knoiw of.Our government knows this better than me.Civil unrest is being preparred for with detention camps planned capable of holding thousands.When the food is in short supply lots of people who are otherwise law abiding citizens will become something else.Our country is broke.Really and truely broke.And...we owe unpayable debts all over the globe.

Are you referring to the FEMA detention camps built in 2008: http://www.globalresearch.ca/index.php?context=va&aid=7763

Hello, guys!

It's not only about oil. It's everything!
The free market is not free and it's not a market anymore!
We don't know the reality behind the corporations quarterly reports, they would lie through their teeeth to get our money. On top of it all they tax the profit made from shares.
Where was the Government and the top executives from, say Chrysler, when they were still designing cars eating up 35L/100km when the whole bloody world is striving to go under 10 litres for 20 year know?
Too twisted to be true, right?!

Here we go again. More jobs, yes, which always happens at Christmas when businesses need extra help for 6 weeks. Unemployment will go up after January, because Christmas employee's will be let go. Now it's cold. Let's raise the crude prices. Now watch the economy. It will slow down again. What little extra money the people have now will be used to buy high priced fuel will be wiped out. Shipping cost will go up again even though they never fell and all prices will go up again.

Watch now as the oil prices are starting to drop. The price of fuel will stay up for another week. The prices will fall about 2 cents a day for a week. Then all of the sudden someone will say, LOW INVENTORIES, and crude will go up $10.00 in a day and the price of gas will shoot up before a new fuel tanker gets to the pumps.

Did I hit the nail on the head or what? The economy will never recover if our government don't get a grip on this.

And the worst part of it is that we're not out of the recession yet..... Months later

...read my posts...

The reality is, the wealthy have it all, and want more!!! I read with amused disgust that the reason the U.S.'s economic recovery hs "slowed" is the rich have stopped spending, due to the market uncertainties exhibited last month. I guess this MUST be true...they have all the money, so if they slow their spending, there goes the recovery...the HELL with the other 97% of the population, we are just the "worker ants", it's THEIR spending that keeps this country going!!! The SAME article (on a MAJOR website) said that the custom tailored suit industry was doing MUCH better since Wall Street was giving big bonus' again(!)...HOLY C@#P!!!!!!!!!!! How BLATANT is all this! Oil has been in a trading range FAR above it's true "supply/demand" value for over a YEAR...all the crap about being tied to the Euro, emerging third world economies, hurricanes, equity values is ALL smoke and mirrors. The reality is...if you control the media, the "economy is getting better", hence a rise in oil pricesyou can tie your your money for a relatively short period (say, a few months), the price of oil will make you money, because it doesn't go bad, and the price will be manipulated up .
There is a divergence in this...the economy is now split in two...Main Street and Wall Street.

Wall street is definitely in recovery

Main Street is not...lower income, more work hours with less compensation, over 9% (official estimates, reality MUCH
higher), and lost assets that paid for the Wall Street gang and our blood sucking self-serving "public servants" new order..the Haves, and the Use to Haves, or the now extinct middle class.

Glad I don't have kids!!!