Is their oil.
OPEC has tried and even been moderately successful at times. Other such 'syndicates' are just mythical. For the record, OPEC is a group of governments that only manipulates oil prices by restricting supply. The US government restricts drilling in the US more heavily than most OPEC nations do.Do you believe that some syndicates has been manipulating the oil price?
I'm sure it plays a part.
yes the BUSH regimeDo you believe that some syndicates has been manipulating the oil price?
We sold hundreds of billions in bad loans to the middle east .
Bundle mortgages with commercial and residential and with the failure rate on those loans the Arabs are out billions so they simply raise the price of oil to recuperate those looses .
Maybe, but I tend to agree more with supply and demand. As long as consumers are willing to pay these exorbitant prices (and I believe oil is up 40% ytd and nat. gas up 70% ytd.) the prices will continue to rise. When demand takes a sharp decline only then will prices follow. If some sydicate is manipulating prices they are aware of economics. The cool thing about econ. is the power is with the consumer, so we do have a degree of control here.
i am sure groups purposely manipulate the markets for money or political gains.some for both.if republicans truely controled oil why would they raise it in an election year,if political people are driving it up,it would be liberals
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