Hi Love/Light 13,
According to Williams, it isn't the oil executives who call the price on oil, nor the refineries, nor OPEC, it's the guys on the com markets that stipulate the price to get the most out of their earnings. Each company sells its' part, but ALL the oil has to pass through the middle men on the market.
Look for his book, it's free from several sites, called The Oil Non-Crisis.
Best regards,
Steve
Quote:
Originally Posted by Love/Light 13
just curious................why did Williams assume oil would drop back down to $50 a barrell? Just because the oil executives were manipulating prices?
If so, what is their reasoning behind lowering the cost? How does that benefit big oil?
Thanks,
L/L 13
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may WISDOM guide COMPASSION
"out of MANY, we are ONE"
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