oil???? sorta funny how nothin on news about the price of gas/diesel up over last month, what, 25-30%... I guess crude is up. good for the oil co. but I have to wonder who is controlling it all right now....
The Saudis. They are flooding the market and driving down the price to squeeze U.S oil and oil-shale production. At the higher price point U.S. oil and oil-shale is competitive and was cutting into the Saudis profits. Saudis figure with their enormous oil reserves, they can sell it cheap to choke out U.S. production, regain their market share, and then elevate the price back up to regain their profits.
