Who is controlling the oil price?

Question

Who is controlling the oil price?

Answer 1

the arabs

Answer 2

The oil price is set by supply and demand in the international market. If an equilibrium could be reached, the price would be such that the supply would equal the demand (both measured in barrels per day).

Equilibrium isn't reached, due to various factors, but it remains a useful concept.

Since supplies haven't been choked off, one has to conclude that the primary reason for high oil prices is increased demand. The finger points to India and China, both of which have rapidly growing economies and billions of people.

Answer 3

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 4

The buyers and sellers of oil.They MAKE the market, they don't CONTROL it.

Answer 5

Recession.

World Economy.

Middle east countries.

U.S.

Politics.

Hatred.

Terrorism.

Many more man made fallacies.

Answer 6

Who is controlling the oli prices? Human nature! We're in a future of uncertainty and our own government is a typical example of what ignorance and self concern will do to a multitude of innocent others. We have elevated ourselve to a point of blindness and no human will ever open their eyes long enough to see the actual problem. World War III will be based on the supply of oil!

Answer 7

The government, they control everything.

Answer 8

Several factors play a role including the geopolitical elements.

I blame the OILCO'S ,AN OLIGOPOLY, AND OPEC, A COMMODITY CARTEL MEANT TO MILK EVERYONE GIVEN THE RIGHT CIRCUMSTANCES! THE S&D SITUATION PLAYS A PART BUT IT WOULD HELP IF WE KNEW THE REAL ECONOMICS BEHIND  THE PRICES WE ARE PAYING. THE AIRLINES HAVE ISSUED THAT KIND OF ECONOMIC KNOWLEDGE ON ABCNEWS, BUT DON'T EXPECT THE OILCOS OR OPEC TO DO LIKEWISE. THEY WANT TO BLAME THE SPECULATORS RATHER THAN BLAME THEMSELVES. THE INFO IS OUT THERE AND HOPEFULLY THE JOURNALISTS WITH THE HELP OF WHISTLE BLOWERS WILL GET TO THE BOTTOM OF IT. BUT I DON'T EXPECT THE PRESIDENTS(ESP BUSH43) OR OUR CONGRESS TO FIND OUT OR  REVEAL THE TRUTH GIVEN THEIR TIES TO OR DEPENDENCY ON THE CONTRIBUTIONS FROM THE VERY WEALTHY OIL INDUSTRY. l DON'T THINK OUR BANKERS WHO MANAGE OUR MONEY ARE GOING TO REVEAL THE TRUTH EITHER ESP SINCE THEY ARE BUSY COVERING THIER RIPOFFS AS WE SPEAK!

WE HAVE BEEN SOLD OUT AND BETRAYED BY OUR ELECTED POLITICANS AND OUR BUSINESS CORPORATIONS. WAKE UP, BE ANGRY AND REVOLT BY VOTING THE BUMS OUT--ALL OF THEM--WE NEED TO CLEAN HOUSE!