Here's a pretty clear and concise example of how the price you pay for a gallon of gas is manipulated by cockroach investors with only their profit margins in mind...
From AP: "Investors poured money back into oil Monday, pushing the price up more than $5 and back over $100 a barrel. Oil plunged 15 percent last week, its steepest drop in two and a half years. Monday, investors who felt oil had fallen too far, too fast sensed a bargain."
Did you get that?
1) Oil went down 15% last week - Yay consumers!!
2) Investors felt it dropped too far
3) So, the cockroaches sensed a bargain and re-invested in oil
4) Gas prices rise- investors happy, everyone else suffers
""Nothing fundamental happened between Friday and Monday," said Stephen Schork, publisher of the energy industry newsletter The Schork Report. "This just shows the power of speculators in this market."
~ Yep, nothing fundamental happened...
And yet you will pay more today than yesterday to fill your tank
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PS: Why does A&G refer to Investors as 'cockroaches'?
Good question-- glad you asked. Its simple... Besides the fact that both are vile creatures, if there was a nuclear apocalypse, pretty much all life would be obliterated from this beautiful Earth but the cockroach would survive it. And if/when there is a financial apocalypse at some point in the near or distant future, we all will be obliterated economically but the Investor cockroach has set him/herself to flourish from it.
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