Does the quick oil price hike will slow down or stop soon?

Question

does anyone have any idea with that or prediction either "prophecy" to it cause it really hurts most of the people in the world due to this crisis? thanks lets hope it does soon and what solutions can we contribute

Answer 1

Oil prices are currently inflated but there are many factors for this inflated prices.

The US dollar sucks. Corn is now used as fuel which should be used as food source. Obvious reaction is food prices increase across the board for everything else like Rice and other stables.

With food prices going up, you will have inflation in everything in the food chain as well as business retail pricing as well as wages for all nations. This itself will drive everything much higher and people will suffer.

What you have is the result of some very dumb politicians in the USA. Dumb politicians canot think and reason and they cannot see the result of using corn will have such a consequences.

It would be hard to correct because these politicians will never back away and say we made a mistake of using corn for fuel. What you need to do is get rid of them from Congress and start new with new smarter younger politicians in office. Smart people can improve anything. They always say Change but do they know what they are talking about? They should say they will improve the situation not change. The word change is used to keep on lying to the American people. The irony is the people are not smart enough to see the word change is a joke play on them. My guess is most human beings are not very smart. That is the major problem facing humanity. Humans are not smart enough.

Answer 2

I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :

I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon”   But it does not work price up fast enough.

I have paid the mainstream media, the Think Tanks,  and the major PR talking heads,  to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.

Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit.  But where can I find my prey ?  

ADD:

Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.

Airlines urge Congress to curb oil speculation

http://www.boston.com/business/articles/...

Answer 3

I predict that oil will crash soon becuse current prices are inflated and have caused cutbacks and normal people as well as corporate interests in the auto,airline,travel,trucking and almost every other industry are furious and are begining to demand action aganst the criminals ( including bush ) who are running amok with a profit orgy