World Oil Balance Charts

[MDimitri]

I totally agree with George in relation to market manipulation. I am also glad to see that the following is ocurring:

"The Commodity Futures Trading Commission is investigating whether speculative buying is influencing oil prices, and whether outright market manipulation is taking place. Last week, it signed an agreement with the UK's Financial Services Authority to share information about trading on electronic exchanges based in London."

Here is the link to the article:

http://www.independent.co.uk/news/bu...es-839692.html

All I can say is as long as inflation is kept in check we won't feel the damage that high oil prices are doing like they did in 73-74 when inflation in some countries was as high as 26%.