Who is driving up Oil prices?

[lldu]

Maybe you are.....This article makes it sound SO GREAT that oil prices are going higher:

<B>Oil Surge an Investment Boon</B>

April 17, 2006 — As gasoline and crude oil prices make a new run at record levels, there are a lot of people cheering them on.

Investors — both individuals and major funds — have been riding the recent wave of record oil profits all the way to the bank.

If you had smartly invested $10,000 in the oil industry two years ago, you'd have more than $18,000 today, according to figures from the AMEX Oil Index.


http://abcnews.go.com/Business/story?id=1852443&page=1

[lonestarnot]

1. Not I said the poor man.

[Viva_La_Revolution]

2. oops. I was so busy putting food on my family I completely forgot

to invest in Oil Companies.

:mad:

[lldu]

3. I can't invest in it either. Mark another one up for ....

Shrub's rich friends!

[cantstandbush]

4. Oil CEOs punishing American for being called before the Congress.

They know there isn't a damn thing the American people will do about it.

[lldu]

5. I noticed that too...prices went up right after that! n/t

[nonconformist]

6. The haves and the have-mores

The ones that put a Texas oilman in the White House.

[MsTryska]

7. Commodities brokers and the Futures Market? nt

nt

[lldu]

8. Well, not JUST commodities brokers and Futures Market

Shrubs has a hand in it somehow.

[MsTryska]

9. sure - he's making the Commodities Brokers and

Futures traders paranoid as all get out.


much like the rest of us, except they get to gleefully turn a profit of our doom.

[muriel_volestrangler]

10. World oil consumption is about 80 million barrels per day

which is 3.4 billion gallons per day - or just over half a gallon per person. But the US uses 4.1 million barrels of diesel per day, or 172 million gallons per day - again, just over half a gallon per person. So if we assume all that diesel goes to freight transport, then the average American is consuming their share of world oil without even owning a car. So, if you own a car, even a hybrid, the answer to who is driving up oil prices is probably you.