Here We Go Again

For some time now crude oil has been hanging between $35 and $45 per barrel, up and down back and forth, but staying mostly within that range. All kinds of theorys have been presented to demonstrate why the prices are staying there including supply and demand and the oil bearing nations just feel for our pain and they are trying to help the economy.

For several decades now America has been going through a time when it seems everything needs to have a sensitive reason, one that makes us feel good. Nearly all movements now must not only be accepted they must be embraced. Take the theory that oil fell do to the oil bearing nations were worried obout our economy and the world economy. All one needs to do is to take a good look at some of the eastern and southern oil bearing nations to dispose of this theory. After all why would our sworn enemies, nations whose religious beliefs call for our extinction, want to preserve us.

All through the past few years higher prices on oil was proclaimed to be due to the falling dollar,
oil was a world commodidity and must be priced as such, war, climate so many reasons. I just read a column on the Blume report that now states that it only make sence that gas prices are rising while oil is not.

It seems now that it is only the texas sweet crude that is low on price and most of what America buys is the lesser quality higher priced world crude from Canada and other places which they say sells for about $10 more per barrel. For years I have been stating that anyone can sell their oil at whatever price they desire, while the world said oooohh nooo this is a world comodity and oil must be sold that as one. This whole theory is being put forth to convince you that the rack price needs not to be tied to the crude oil price, to tell you that it is not the oil companies playing a new game it is just natural. To explain to you that all is well you can go about your business now.

On the here we go again; in the same report they are calling for a minimum of $2 to $2.50 per gallon oil soon when all evidence points to lower cost in the near future. Now the pundants will pick this up and start to spread the word. It's preconditioning all over again.