I am catching up with posting online my articles.
In July 2008 the oil prices have reached the 145$ per barrel. At that time people were speculating whether we are reaching the point when there is not much of the oil left inside of the earth and so that was the reason for the price spike. But surprisingly today the oil is trading at around 40$ per barrel and the big financial firms predict that it could even reach the 20$ in the near future. On top of this OPEC has decided few days ago to remove the ceiling on oil production.
And if there is no limits on productions then it looks like we are actually not at the point when the oil reserves in the earth are coming towards the end.
And thus here I ask myself a question:
WTF happened in 2008 which provoked the oil prices spike of 145$ ?
I do not want to go here into the conspiracy theories and there could be few possible scenarios of why this happened but shouldn't we take here into the consideration that somebody has cleverly manipulated the whole market ?!
I am tired and I need to have rest now.
To be continued