"Eisboch" wrote in message
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"JoeSpareBedroom" wrote in message
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"HK" wrote in message
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"Big Oil" helps set the price of the crude it buys. You think it doesn't
have "partners" sitting on the OPEC committees?


I'm sure they do. But, there are also speculators at work, in the exact
same way speculators dick with the price of stocks to the point where
their prices are completely disconnected from physical & financial
reality.

Speculative nonsense:


Think back. Although laughable when compared to current values, the price
of oil quadrupled during the oil "shortage" crisis in the early 70's on
Nixon's watch. Later that decade, under Carter it doubled again in less
than 12 months.

Neither had anything to do with Wall Street, Dick Cheney or secret "Big
Oil" meetings with OPEC.

Eisboch



That was then. This is now. And (separate issue), in this discussion, I'm
not concerned with any particular politician.

In the long list of things you buy regularly, can you think of 5 or 6 whose
prices are determined by speculators, causing almost daily price swings? I'm
in the grocery biz, and I handle about 500 different products. I don't see
this happening.

How about shoes, or anything else you buy?