This is how the pyramid scheme is working amongst oil speculators:
Speculator #1: I buy oil from the market
Speculator #2: (he is a friend of speculator #1) I buy oil from speculator #1 at a higher price .
Speculator #1: I buy the same oil that I just sold at a higher price.
Speculators #1 and #2 contact the media (like AP) and release a bogus report about oil futures ...Oil goes up and the vicious cycle between these crooks continue to rob us blind ...
By the way the names of speculators #1, #2 are Goldman Sachs and JP Morgan.
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
-
The recession in the US has affected the Stockpiles as they climbed 6.18 million barrels to 311.6 million in the week ended March 7, the Ene... -
Im the middle of all the crude fluctuations we have one oil exporter that provide assistance to neighbors...Venezuela... they provides a siz... -
The never ending saga continues as we are daily informed of the world crude situation and as readers are aware this topic has a minute by mi...
No comments:
Post a Comment