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.
Dr. Stephen Jones