Oil market skewed by large investors?

[baghdad_bush]

A panel of the top oil traders recent got together said that the price of oil is determined by four elements:

1. Supply & demand: Based on an annual demand growth rate of 5% and an equal increase production, oil should be at $45 to $50 per barrel

2. Socio-economic stability: The War in Iraq, the increase in terrorism, the distribution to the Iraqi oil supply and the continued threat of bin Laden have added another $35 or $80to $85

3. Iran: All the talk about Iran’s nuclear program and the sword waving by the US, Britain and Germany is costing us another $15 per barrel or $95 to $100

4. Finally, the Euro, which was worth $1 when Bush came into office, is now worth $1.56 – in other words, the dollar has lost 36% of its value – which takes us to $136 a barrel

So ask yourself why the media doesn’t address the fact that George Bushes pre-emptive war, and sword waving in the Middle East plus his HUGE deficit is the REAL reason that the oil price has risen and that it is not because of supply & demand, which at most has caused a $10 to $15 increase since the fascist pig took office.

An don’t forget, while we watched the price of gas soar, so did the oil companies’ profits with the BIG 5 raking in $200B in PROFIT in just one year.

WHY hasn’t the media covered this???

Two reasons: Bush has removed all control over the media in exchange for their political support and because they don’t want to jeopardize ad dollars. Nice.

http://www.energydigital.net/Energy/Oil-market-skewed-by-large-investors-_6068.aspx

[Selatius]

1. Wars are good for ratings, which are good for corporate profit margins. War is very profitable.

You just have to be in an industry that benefits from war in order to see the profits. It stands to reason the corporate executives are applying pressure to kill stories that might mean decreased profit margins, such as putting the kibosh on a drumbeat to war by reporting stories that ask truly hard-hitting questions about the reasons for going to war.

If it pisses off the shareholders on the Board of Directors, it might die a quiet death on the editing room floor. You can talk to Katie Couric and others who are testifying they were under pressure.