As mentioned before several times the crude producers namelly OPEC members are now using SPECULATION as a weapon, yes as a weapon .. JPC http://so-buracos.blogspot.com/

http://so-buracos.blogspot.com/2008/01/doom-day.html..T he world is reaching closer to ‘peak oil’ with each passing day. Analysts predict the inevitable to come with this century. Present measures taken, the future consumption of petroleum in...

So now we have Venezuelan President Hugo Chavez threatening to halt oil exports to the U.S ... to keep prices inflated the words of a deranged president affected the crude price !!! this we call SPECULATION.. SEE REPORT...