Oil prices and world events

Why do oil/fuel prices increase every time there’s an ‘event’ in the world. What the fuck does a missile test for example have to do with inflating already extortionate prices? I can almost understand increased prices for , lets say, vegetables when crops are damaged by typhoons. But ‘oil prices skyrocketing due to some unassociated bullshit’?
Give me a break! It’s a total fucking scam, one more way that the sheeple are being shafted worldwide. And it’s just so much easier to just sit back and let it happen.

Yeah…riiight…just like that “Price of Gold” thing.

Whats up with that?

…geeesh… :unamused:

[quote=“The Specialist”]Why do oil/fuel prices increase every time there’s an ‘event’ in the world. What the fuck does a missile test for example have to do with inflating already extortionate prices? I can almost understand increased prices for , lets say, vegetables when crops are damaged by typhoons. But ‘oil prices skyrocketing due to some unassociated bullshit’?
Give me a break! It’s a total fucking scam, one more way that the sheeple are being shafted worldwide. And it’s just so much easier to just sit back and let it happen.[/quote]

Basically because oil is a futures contract and an interruption or perceived interruption in the flow of oil sends the price up.

Oh that and the Illuminati… :smiling_imp:

[quote=“jdsmith”][quote=“The Specialist”]Why do oil/fuel prices increase every time there’s an ‘event’ in the world. What the fuck does a missile test for example have to do with inflating already extortionate prices? I can almost understand increased prices for , lets say, vegetables when crops are damaged by typhoons. But ‘oil prices skyrocketing due to some unassociated bullshit’?
Give me a break! It’s a total fucking scam, one more way that the sheeple are being shafted worldwide. And it’s just so much easier to just sit back and let it happen.[/quote]

Basically because oil is a futures contract and an interruption or perceived interruption in the flow of oil sends the price up.

Oh that and the Illuminati… :smiling_imp:[/quote]

That’s stating the obvious, but why? Dig deeper

[quote=“The Specialist”][quote=“jdsmith”][quote=“The Specialist”]Why do oil/fuel prices increase every time there’s an ‘event’ in the world. What the fuck does a missile test for example have to do with inflating already extortionate prices? I can almost understand increased prices for , lets say, vegetables when crops are damaged by typhoons. But ‘oil prices skyrocketing due to some unassociated bullshit’?
Give me a break! It’s a total fucking scam, one more way that the sheeple are being shafted worldwide. And it’s just so much easier to just sit back and let it happen.[/quote]

Basically because oil is a futures contract and an interruption or perceived interruption in the flow of oil sends the price up.

Oh that and the Illuminati… :smiling_imp:[/quote]

That’s stating the obvious, but why? Dig deeper[/quote]

Uhm, cause GWBush is Satan and/or a reptilian demigod?

Oh pleeeeeease jd, I thought you were more intelligent than to start with sarcastic ‘anti Bush’ innuendo’s. I never once pointed the finger at anyone other than oil companies. Yes prices rise for ridiculous reasons, but is it justified?

Sorry, could be I’m jaded, or tired, and sarcasm keeps me going. :slight_smile:

Oil companies…ok…but for people who own these publically traded companies, the peak oil scare and the shake ups it will/has cause(d), have been making these investors smile like idiots in the past 4 years.

Is what justified? The market’s reaction? Who knows. Ask the Dutch about the tulip craze…was THAT nonesense justified? Maybe to the guy who sold a few and bought small islands off the coast of India.

better? :slight_smile:

I prefer the market being silly than to the government controlling the market.

supply + demand + speculation.

If it’s not justified then the entire western world has to seriously rethink things economically.

Greg Palast tells us what’s happening, it’s called artifical scarcity.

He has access to the plans long before dubya announced “Mission Impossible”, I mean “Mission Accomplished”.

“To believe that George Bush and Dick Cheney hustled us into war in Iraq to open up that nation’s untapped bounty of petroleum is to believe that these two oil Texans in the White House are deeply troubled that the price of oil will rise unless they get us more crude,” writes Palast. In fact, as he documents at great and fascinating length, politically connected interests in the oil industry have been trying to prevent “overproduction” in Iraq, the key “swing” producer, in order to stabilize OPEC.

Thus they are shafting us.
Who benefits?
We don’t.

I thought that looked like the president of Exxon-Mobil running around blowing up those pipelines in Iraq