Demanding a Costly Supply – The Bilderberg Induced Oil Speculation

Update, May 21: Please read our most recent oil price research here: Dollar Inflation Raises Oil Prices, ‘Peak Oil’ a Myth

From F. William Engdahl’s ‘Perhaps 60% of today’s oil price is pure speculation’ at Global Research:

“The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price.”

And from Paul Joseph Watson’s Goldman Sachs: Bilderberg Target Of $200 Dollar Oil Nears at Prison Planet:

“The ultra-secretive Bilderberg Group, a consortium of power brokers from banking, business, politics, academia and oil, met in Munich Germany in May 2005 when crude oil prices were around the $40 a barrel mark.

During the conference, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened.”

Advertisements

1 Comment

Filed under Peak Oil

One response to “Demanding a Costly Supply – The Bilderberg Induced Oil Speculation

  1. All should protest by buying local products at their own countries to stop these unnessary shipping costs.

    What the hell are our consumer avocates are doing now keeping mum. Are they hedging oil too ????

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s