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The only business is booming and stock prices rising ...for Oil Producers. And not because US and World Economy had come up from Recession and started to grow. US and World Economy continue to shrink,unemployment continue to grow and consumers continue to spend less
Oil prices are rising because World market is not working
Complete MONOPOLY on oil production by OPEC,Venesuela,Russia and Reduction in Millions of Barrels crude oil each day production had inflated stock market demand and raised street oil prices to PUT Billions dollars PROFITS again in pockets of SPECULATORS
Expert predict, that US Largest Oil companies has plans to increase Gasoline Prices at least to last year level plus 1 dollar more for each gallon. By their opinion 1 dollar raise in gasoline prices over familiar 4 dollars per gallon will silence public and not make consumers scream “robbery” like last year after 2x prices increase.
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