Thursday, February 26, 2015

Oil Prices and the Market

   This strike at the oil refineries is making for conversation good and bad, and it is also
giving the stock speculators a chance to drive the price up or down at will it looks like    Gas prices jumped 0.10 a gallon at the station today while  the market says the price of crude oil rose by 3.35% ,
 it really just got back up to what it was last week. It is possible to get conflicting reports about
the real price. Gasoline at the loading rack also went up 0.10 per gallon.


   Energy is the backbone of any and almost all  societies. We know the price of gas and diesel
will go back up, we do not need it pushed up by money people who are betting against the
American public.


I wonder how this strike is going to effect the production of gas and diesel even with the
stopping work at a few plants. The gamblers are betting the price will jump because of
the shortages it will cause.


  I would not bet they can manipulate the market to that degree. I hope that this is the case
so there will remain for a little while, a little relief for everyone.

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