The biggest crooks are right here and they are the manipulators from Wall Street and the media.
Couple of years ago they were talking $200 barrel oil, and now they are talking 20 bucks barrel oil. You have to be a #$%$ to truly believe that the fair price for a barrel of oil it has changed this much in 2 years.
The oil future trade is a scam. Greedy crooks from Wall Street are manipulating the price of oil as they did the prices for homes before the housing bubble has collapsed.
The media doesn't help either. CNBC is the worse. I have watched the oil trading up over a buck in the morning, then Jackie DeAngelis comes on with the oil inventories repeating the same thing 4-5 times a day and the oil is tanking right away. I can understand that oil inventory is important but what good it does repeating the same old krrapp 4-5 times a day beside creating fear and panic ?
I bet that if she would wake up one morning with something very stiff and hard in her mouth being unable to yap about crude the price of oil would shoot up at least 5 bucks per barrel in less than a week.
In my opinion she truly deserves a nice treat like that for her service
I have a question for you and I'm serious.
Do you really think that this company will still be in business by next September-December ? For how long they can stretch it out if the oil stays around 40 bucks or less ?