Reply #15: all because corps like Goldman Sachs have been stockpiling to drive up prices. [View All]

[progressivebydesign]

I KNEW that there was sooo much more to the high oil prices. I read recently that even insurance companies are buying facilities to stockpile oil, to hold it back for price manipulation. If you recall it was just this week oil hit 100 bux because ONE guy wanted to be famous for being the trader that did it. The trading corporations are making BILLIONS each year in manipulating the price and supply.. add to that the MULTI-BILLION dollar profits of the big oil companies which contribute to our recession.

Hey, it'd be one thing if the oil companies weren't making record profits, I'd understand that somehow oil had become so scarce that it was more expensive, or there were supply problems. But.. the fact that MANY corporations are making BILLIONS each year off of it, tells us we're being totally fleeced.