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Originally Posted by fordAU
Almost fell off !!! can you do better next time 
I don't see these dark conspiracies that you appear to believe in, imo OPEC manipulate crude oil price by supply.
It is a supply/demand issue, the price is dependant on supply, the world is not running out of Oil, OPEC increases price by limiting supply, do we agree on that one ? |
No it's not dependent on supply. The reserves are all full. There has been a drop in demand. Therefore, price should be less as there is an oversupply... but alas, it's not the case!
EDIT: Oh, and how can OPEC manipulate the price if oil is sold in $USD?