Supply is up and waiting to come on to the Market, Consumption Currently is down and, Forward looking Consumption isn't looking like it's going to increase anytime soon !!!!! Yet you's are trying to hold prices and inflation up, it makes you all look like you don't have a "Clue On The World Economy". What's wrong with your thinking or is it that, you "Positioned Wrong/Told Investor's Bad Information", it make's no sense at this point in time upto the next 1-3 year's. Have A Good Day and, God Bless The USA.
All FED's should be held accountable to what's best for their own citizen's and, not the Market's/Business's/Outside Sources. This is what is wrong with all FED's, they have too many people pulling in the backround for what their "Special Interest" is. It's just not right to make them "PUPPET'S OF MARKET'S/BUSINESS'S", there suppose to be independant and if there not, WHY HAVE THEM WITH THE POWER OF CURRENCY MANIPULATION/INTEREST RATE SETTING !!!!! God Bless The USA.
The Oil/Gas Price's are not justified when you consider time of year and, what has happened Globally to this market.
Here's Just A Few Item's That's Changed It:
1) The weather is warmer outside which mean's that "Oil" flow's better out of the "Rig's".
2) Consumption is down around the "Whole World".
3) The list of countries that produce oil has grown with no end in sight.
4) How can you all justify a price swing here in the Midwest of about $ .40-$ .50 when there's no refinery outage, holiday, or vacation month's around ?????
Your allowing your knowledge in the Market to "Manipulate These Price's" instead of, actual useage/consumer demand to justify it !!!!! Now to me this mean's "Price Fixing" when, it's not justified in increased Consumer Demand or Output Shortage's. Somebody need's to respond to this problem that, isn't bought and paid for (Integrity/Honesty). These price's are within a 40 mile distance that I'm talking about, now how can the price go up that much in that short of distance ????? God Bless The U.S..