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Originally Posted by Downthestretch55
Pillow,
I'm a very big cynic on this topic.
back in the '70's during the "oil embargo", all I had to do was drive along the Palisades Parkway along the Hudson to see loaded tankers, one after another, all full but not off loading at the NJ refineries, to prove to me that the market can and is manipulated. People were lined up at gas stations, coming in with cans for gas due to the "gas shortage".
Did the price go up then?
So, now we have elections coming in November. Do you think production is up for a reason? Sure prices are coming down..for now.
Do you think the Saudis got a call to have them do a favor? They'll go down just long enough for people to forget the high prices of the past year...watch what happens to the prices in Dec. and Jan.
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Hmmmmm...no this may be the funniest.