[Rockingham]

I heard Lindsey Williams on Coast to Coast. He had an interesting story about preaching in Alaska as a minister to men working on the pipeline in the 1970’s. Supposedly, Williams was told by high level oil company officials about how they control supply to keep prices high.

Even if true then, it is not true now. Western oil companies no longer have the ability to control prices because non-Western producers with divergent interests have the upper hand. Worse, the new wealth of China and other emerging economies has led to an sharp uptick in demand.

Ignore whispers, rumors, and tales of mischief. Supply and demand and self-interest govern oil prices and most everything else in commerce.

[okkev68]

BTTT

Does this guy really know something or just lucky? Oil $62.