View Single Post
Old 05-01-2018, 09:01 AM   #97 (permalink)
rmay635703
home of the odd vehicles
 
rmay635703's Avatar
 
Join Date: Jun 2008
Location: Somewhere in WI
Posts: 3,890

Silver - '10 Chevy Cobalt XFE
Thanks: 506
Thanked 867 Times in 654 Posts
Pierre Andurand Has stated that oil could go to $300 a barrel

He is one of the large price fixers in Ronald Reagan’s failed “oil market” concept

He is very much not a liberal and resembles a young trump in more ways than a Warren Buffet

If you want oil prices to be lower but more chaotic get rid of the oil market, it’s nothing but a leach sucking more money out of your pocket and is just an unnecessary venue for middle men to make money.

During 05-08 it was used as a mechanism to stockpile oil and limit supply which was directly tied to the bank failures as their stock piles lost value and $$$ generating power as consumption shrank.
  Reply With Quote