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IS THE PRICE OF OIL BEING INTENTIONALLY DRIVEN UPWARDS?

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yes or no : political :

IS THE PRICE OF OIL BEING INTENTIONALLY DRIVEN UPWARDS?


[+] serious ballot by JimmyJams
ACTIVE Fri Aug 01, 08 - Wed Jan 28, 09

When Oil prices drop, it seems almost likely that some leader will make a comment that seems almost designed to drive the price up again.

Now, prices rise almost $4 per barrel on Israeli comments recently made about Iran's Nuclear Program and it is far from being the first time.

According to the press, oil shot up after Israeli Deputy Prime Minister Shaul Mofaz was quoted as saying that "Iran is on a path toward a major breakthrough in its nuclear program.

Mofaz is seen as one of the top people for Israeli prime minister after Ehud Olmert announced his resignation and this fact has fueled speculation that the U.S. or Israel may attack Iran. Iran is also OPEC's second-biggest oil producer.

Quoting the news "Mofaz definitely has juice and that would make everybody nervous," said Michael Fitzpatrick, vice president for energy risk management at MF Global Ltd. in New York.

It's quite odd that on the last several occasions that fuel prices were dropping, such statements of these are made and the price shoots back up. Intentional, or not?

This is intentional
This is not intentional
Dems Voting for No New Drilling or New Refineries for 30yrs


Ballot #128654 : SEE RESULTS

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COMMENTS:
Voted : This is not intentional
Unscrupulous oil sellers will use ANY excuse to jack up the price of oil... whether justified or not...
by thesoothsayer on Fri Aug 01, 08 8:33am [+]

Voted : This is intentional
I believe it is. Once perhaps is just happenstance. Twice it could just be a fluke. But this is several times and always immediately following a drop. Lots of people are getting rich off of this insanity so does not surprise me a bit.
by JimmyJams on Fri Aug 01, 08 8:35am [+]

Voted : This is not intentional
What the Wise Man on the top floor said.
by Truthseeker013 on Fri Aug 01, 08 2:24pm [+]

Voted : This is intentional
I believe so.
by forgetmenot on Fri Aug 01, 08 6:31pm [+]

Everything about the economy is intentional, including the Credit Crunch.
The Great Depression was intentional too. All these manufactured crises do is to funnel money upwards to the people that deserve it right at the top, leaving the people at the bottom with even less.
Eventually there will be no middle class any more. Imagine that.
by Grimblecrumble on Sat Aug 02, 08 4:00am [+]

Voted : This is intentional
I believe that the intention is to hoard record profits. Don't think for a minute that some Israelis don't get a cut of it.
by _Beelzebubba on Mon Aug 04, 08 8:36am [+]

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