Thursday, May 27, 2010

Video on Rigged Markets

I've been wondering about oil prices. Michel Chossudovsky specifically addresses this issue in his video, linked above.

A significant Alaskan pipeline was just shut down because of a spill. The horrific oil spill in the Gulf is likely to cause prices to rise, both because of concerns about future supplies and because of the potential blockage of the oil refineries in LA. There are concerns that oil supply ships may not be able to unload their oil for refining due to the oil spill.

How come oil prices are dropping then?

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.