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Originally Posted by XRQTR
100%
Look at it this way, 5 years ago oil was around $30-$40 a barrell pump was around $0.80, today it's over $130 for the same barrell and fuel is around $1.65, more than a 4 fold increase in crude prices yet the price at the pump has only gone up by a factor of 2, please explain.
Governments and oil companies all pad prices in order to safe guard themselves in bad times, this is more like the biggest jumping castle in the world not just padding, they're all in their jumping around like little kids having the time of there lives.
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Funny that, hey? The deeper you dig, the less sense things make. Recall 1999 when our AUD was just 49c USD? I don't think our fuel prices increased by the same (50%) amount as the dollar dropped, either.
Another point is that the news articles quoting 'speculators' when announcing pending oil price increases... the articles never seem to quote the actual source but instead uses some 'speculator' from an investment company, who happens to talk jibberish... but wait, there is no issue with supply as the oil reserves are higher than when fuel was around 80c/L.
It all seems like smoke and mirrors to me. Time and time again we've heard excuses ranging from supply/demand, hurricanes, China/India consuming too much, outdated technology, fewer discoveries, impending wars etc... but wait, this sort of stuff has been going on for decades.
More likely (IMO) the IMF has set the price artificially (or some other power?). Those in the loop engage the Cone of Silence so we'll probably never find out the true story.