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Manipulative Causes of the Rise in the Oil Price

May 28, 2008

Ed Wallace wrote a very interesting article, showing how the rise in oil prices are not really the result of oil shortages, but of withholding oil from the market to create man-made "shortages." I recall this happening in the early 1970's in the so-called "oil embargo" that doubled gasoline prices. Once the prices doubled, then the tankers unloaded their oil that had been sitting in the harbor for weeks, awaiting higher prices.


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Category: In The News

Dr. Stephen Jones

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