OIL PRICE IS BEING MANIPULATED

With oil hitting US$140 per barrel, many would have to dig deeper into their pockets in order to pay for fuel prices. This has sparked unrest in many poorer countries and is beginning to cause a social problem because their government cannot control the rising oil prices.

The president of the Organization of Petroleum Exporting Countries OPEC, Chakib Khelil, again Saturday blamed speculators for the steep rise in oil prices, insisting that supply was not a problem.

"There is no problem of supply, the problem is much more linked to speculation," he told a press conference with visiting French Ecology and Energy Minister Jean-Louis Borloo. He also said the price of oil was closely linked to the exchange rate of the U.S. dollar, which has fallen steeply against other major currencies.

"The consensus is that the crisis is not over and there is going to be a continuing impact on the price of oil because of speculation," he added. Khelil, who is also the Algerian energy minister, made similar remarks on Monday in an interview with Spanish national radio.


So, if there is supply, then why the hike? Is this done for selfish reasons by the big industrialist bankers who want a more tighter control of the market? what do they get out of it? MONEY?

Yes but its not that simple...they want the real money from WARS. Why?

Rise in oil price means unrest in countries, unrest in countries give rise to social problems, rise in social makes a country divide, when a country is divided....its easy excuse to wage WAR to bring peace. Governments borrow from these bankers and buy arms, missiles, planes,ammunitions from the very companies these bankers have a their shareholding in.

Who lends the money? Its these industrialist bankers...and they charge a high interest.

Thats why they say war is profit, now you understand!