Before I wrote that post pete, i checked on the latest stock market figures. Exxon/mobil is showing to their stock holders a 17% increase in margin. That caused their stock values to increase even in the times of trouble. That is what they were talking about.
Now the speculater part. Yep, they are a big part of this. They are the ones who are driving prices up. It will bubble just like tech, and housing. Then I do not know from there.
I heard one analyst say that we could be back to January prices in a few months if the dollar gets stronger, that would cause the price of oil to drop
Yes I agree, but people like exxon are still exploiting the people.
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