"tremendous speculation"

Saudi Arabia's Oil Minister Ali al-Naimi, OPEC's most influential voice, said in remarks published he saw no need to change production because oil market fundamentals were steady and "healthy". He blamed record high prices on "tremendous speculation", however the OPEC group also practice the art of "tremendous speculation".....
OPEC's President Chakib Khelil of Algeria also told Reuters on Wednesday d output policy will stay unchanged.

The art of "tremendous speculation" is also used by governments and petrol companies like Galp,BP.REPSOL,SHELL and others to keep final consumer prices as high as possible...
The example of this "tremendous speculation" happens almost in a weekly manner in Portugal (Europe)...

Here we have four major players, Galp,BP.REPSOL .. and the .government!!!

These players manipulate the consumer as they want...the .government has over 65% tax on every litre consumed the rest the petrol companies keep...in this way we have one of the most expensive consumer final prices in the world... 95 Oct.1.419€ per litre !!!
Twice a year this government increases the Tax applied to energy , the petrol companies persist in weekly increases also, two or three cents per litre....normally Galp is the first to apply the new prices followed by the others with the same prices, their monopoly is to keep prices as high as possible, however this is forbiden by the ECC.

No wonder this country has a inflation one of the highest in Europe, unemployment around 7%, wages one of the lowest in Europe..so there is nothing in favour of the public in general all that can be expected are higher and higherpetrol prices that in turn will send the economy skyhigh !!

SO.. TO THE MAJOR PLAYERS INVOLVED IN THE "tremendous speculation" WE SAY ..GREAT WORK...!!! REALLY !!! GREAT WORK....