Exxon CEO Admits Speculation Drives Up Oil Prices

[ktlight]

'On May 12, 2011, when questioned by U.S. Senator Maria Cantwell (D-WA) at a Senate Finance Committee hearing, Exxon Mobil Chairman and Chief Executive Officer Rex Tillerson said that oil should cost between $60 and $70 per barrel, if the price of oil were based on supply and demand fundamentals.'


http://www.youtube.com/watch?v=LY420_U4U0I

[Lord Sidious]

So the speculators (yet more dirtbags) are artificially inflating the price of oil?
Get outta here.

[Calz]

So the speculators (yet more dirtbags) are artificially inflating the price of oil?
Get outta here.

Always follow the money.

The people with the REAL money are the ones using it (with HIGH leverage in the futures market) to control the market they own to begin with.

I traded futures mostly part time for fun for a few years. If you know what to look for it is quite obvious when "they" want something to happen.

(yes ... part time dirtbag nugget I used to be) :)

[oceanz]

'Speculator' by Australian band 'Insurge' (1996) off their 'Power to the Poison People' album. Love that album, they just stick it up the NWO agenda.


http://www.youtube.com/watch?v=_58_Ij_KuEg