Reply #16: I think skepticism is generally healthy. [View All]

[Doremus]

However, why now (manipulation I mean)?

Why not years ago when oil was $15bbl? Or $25?

Any theory must necessarily consider the reality that sweet crude is in depletion. Oil companies don't need to manipulate supply, Mother Nature has seen to it. Increased refinery capacity is meaningless if there is no extra raw material to refine.

This is not to say that big biz is blameless. They've known for decades this day was coming, yet they placed their own selfish interests above those of the populace and pushed us into an oil orgy that gives us the highest per capita usage ratio in the world. Our elected representatives helped them do that. And so did we.

So now we've burned through a precious resource that can never be replaced, the oil companies will reap unconceivable profits and we will get the shaft.

Business as usual.