Same story….some entity who has massive investments in oil issues a statement that the price is going to be sky high and the other investors follow right along and drive the price up.

What I wonder is…after the cost of oil and the economic situation in general completes it’s destruction of the middle class here in the US…who’s going to be able to buy all of this expensive commodity to support the traders / investors?

There are those of us in what was the middle class who talk a lot about this and at what level the price of gasoline will cause us to further reduce our use. It’s knocking on the door now folks…but I know common sense doesn’t work here.

Lol, of course Goldman Sachs predicts that the price of oil will be $92-97 by summer. They are the greedy,evil low lifes who are manipulating the price of oil to line their pockets with more money,greedy bastards