Mark my words: Oil will go to $100 per barrel right AFTER the 2016 election for president
Obama conspired with his Muslim allies in the Middle East to lower the price of oil(GASOLINE) UNTIL the 2016 election for president in the USA. This is all to elect a democrat in 2016 so that the fundamental transformation of the USA into a socialist state will be completed . They know Scott Walker could restore America so they lower gasoline prices for now to keep the peasants happy and so that they will vote same party as Obama. Muslims and Obama want a democrat in 2016: this is irrefutable logic.
Sure you all will argue and say but U.S. production is up . yes but it has been for many years . look at the timing why now? And also remember that they (Muslims) shot up oil price to $144 per barrel during the year that Obama got elected. look it up
look at the timing why now?
Because supply grew faster than demand for more than a year.
There is no conspiracy. There is no magic control by a mysterious party.
I see problems with the theory that any one group is somehow controlling oil prices....especially in this country.
For starters, the middle east is playing a diminishing role in our energy supply. Also, growth in middle east supply has not outpaced demand growth...domestic production has.
I always see a strong linkage between the economy and oil prices. In 2008, when oil peaked, we had a very strong economy (turned out to be a bubble built on bad lending...but before the crash, it was a strong economy).
So what about now? Could be bad economic news around the corner.