Radical Noesis - Thinking outside the box

Of course, one might wonder why the price ever went down. After all, there are still major problems in the Gulf of Mexico after hurricanes Katrina and Rita. But then most people are not aware that the International Energy Agency was bailing out the global oil market. Nor are most people aware that they they ended the program shortly before Christmas. Wow! that is just when prices started up. What a surprise.

People were outraged by the oil industry profits which came to light in September 2005. Therefore, we shouldn't be at all surprised that their profits are soaring again. This time it is with the help of the Bush administration lowering the price for gas rights. From the people's pockets to theirs ... that's what friends in high places are for ... isn't it?

Of course, there are other things happening that might be impacting prices. Little things like the Russian use of gas as a political revenge. Or maybe that global demand is not going down, and oil supplies are not increasing. Certainly Bush's opening of 389,000 protected acres in the Alaskan Petroleum Reserve over to those same oil companies hasn't reassured the markets.

Things get so complex when you base everything on oil.