To: therightliveswithus
OPEC Can’t Raise the F***ing Price” of Oil
24 posted on
04/29/2011 8:00:40 AM PDT by
Mike Darancette
(Is Trump a Stalking Horse for Guiliani?)
To: Mike Darancette; All
OPEC Cant Raise the F***ing Price of Oil
Yes and no.
True, OPEC doesn't control the spot price of oil directly, but we all know the market has lots of speculators, and thus is hyper-sensitive to any news out of the Middle East. So for SA to simply hint at cutting back on supply is enough to move the price.
And for all those upset about Presidential F-bombs, you'd best not read about LBJ's and Nixon's Administrations.
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