I am sitting inside a dealer having  some work done on my
car, (yes I know dealers cost more but it’s a hybrid) On the news they are
talking oil prices, and one of the other people in here, said “that the oil  prices would not go down if we started to drill offshore”to me this is nuts, now the reason the guy said what he said was he is an Obama supporter. Of course Obama is against anything that would get him in trouble with the far left. Having been watching the market and seeing how the slightest thing can set oil prices rising, allowing us to start drilling off shore would lower the prices. Of course this is all done by the speculators. Supply and demand play a big part, however it’s the speculator that are driving the price up.

Most Americans do not have time to follow the news and research what the news they do see say. Since most “news” stations put a slant on what they report, be it left or right. So without researching they are making their decisions based on which news station they are watching.

Oil will go up or down depending on what the market dictates, when I say market I mean both supply and demand as well as what the speculators do.

If you’re waiting on the Federal government to fix or lower the prices you’re in for a long wait. At best they will help increase the price, since just about anything the Federal government gets involved in gets screwed up worse than it was before they stuck their hands in. Don’t believe me? Just look at Social Security.

Best thing for the World would be for all the governments to stay out of the free market.