Freedom Seeking People Driving Up the Price of Oil?

[BeFree]

There have been many allusions to the idea of a correlation of the recent price rise of oil with the actions of citizens seeking freedom.

Being there is no shortage of oil, and no shortage on the horizon, then is just the fear of freedom that is causing speculators to jack the price?

Or have they just been waiting for any reason to screw us again?

We know oil skyrocketed to $140 because of the Iraq invasion and then went back to $60, so the $80 a barrel rise was just speculation and profit taking which went into the elites banks, starving regular people of ready funds causing the recession, so can we speculate a similar fate this go round?

[Liberal In Texas]

1. Speculators are driving the price of oil and gasoline up.

You know, the greedy top 2%-ers that have so much money they gamble with it trying to make even more money.

[walldude]

7. Yup and the protesters are scapegoats...

Fuck, these people probably sit around waiting for stuff like this to happen. Then they sharpen their teeth...

[MedleyMisty]

2. I've had a tab open with this thread for a while

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x514867

It's about oil speculation.

I have the ear of quite a few young people in my other internet community. Planning on trying to educate the chilluns, and will be using that as a resource. :)

[Jmaxfie1]

3. It will be high for a while, then drop back down I think. n/t

[Make7]

4. It took five years for people to notice that Iraq had been invaded? ( n/t )

[BeFree]

6. Iran

Bush wanted to bomb Iran and the uncertainty caused the speculation to drive the rise. Win/win for bushco. When the invasion of Iraq began the price began it's rise. Katrina boosted it and then the long war and the Iran plan did it's trick.

Fear means profits, eh?

Now the fear of freedom for the people of the Middle east is today's excuse? What do you make of it?

[Make7]

8. Maybe more like Iran circa 1953.

Perhaps Cameron wants to get Gaddafi out of power to protect BP's oil interests, and the mere fact of wanting to use military force is causing the price increase - just like Bush wanting to bomb Iran caused higher prices.

BeFree wrote:

When the invasion of Iraq began the price began it's rise.

Actually I think oil prices had been going up since the beginning of 2002 and there was actually a decline when the Iraq War started. But I suppose that doesn't really matter...
 

[notesdev]

5. In a roundabout way

the reason is that the speculators have been told to get out of food commodities because it's having the effect of pushing starving populations to revolt... but that hot 0% Fed money gotta go somewhere to get a good profit, to try and fill the banks' debt holes.