RE:RE:RE:RE:RE:Inventories Yup,.. I know. I have been saying that for the last 10 years. Basically, everything else exploded in price, including Gasoline, but only Crude oil is not allowed to move from its 1990's values.
And somehow all of those clown talking heads are calling oil expensive and blame it for inflation.
Oil is the most rigged and most price suppressed commodity on the planet. Perhaps, silver is also in the same situation.
The reason I went into oil and gas is I assumed that oil will be protected by governments when those NY/CME futures market manipulatiors start attacking it, but was I wrong. Ottawa is much worse then washington DC.
DivChase wrote: Oil and gas will be the permanently abused sector. Everyone always complains about oil prices and always will. You know in the last decade everything is 30-40% more expensive, except oil and gas 50% cheaper . Oil was what 126$ a barrel a decade ago. In todays dollar accounting for approx 35% inflation. We should be nearing 190$ a barrel. Here we linger at sub 80$ and people still whine gas prices are too high. This is the reason we are perpetually stuck at 10$. I doubt WCP will hit 11 until oil hits 100$ a barrel. And not because of bs war premium that only holds a few days.