THE OIL BUSINESS ..........

It's only been less than couple years back , when we all looked at a world with limited oil production and export , at least from countries like Iraq , Libya and Iran , Sudan and others . Plus oil locally produced from fracking and cracking in the U.S  and Canada , where productions were far from peak capacities .

Still , the markets found good reasons , backed by the convictions of a world wide glut , to drop crude oil prices  and natural gas , by substantial percentages , from well over a hundred $ a barrel to almost 27$ .while supposedly all economies , industries and individuals benefited world wide , except big oil companies and producers .

Later in the game , we came to frequently observe the markets do better when oil prices would rebound , no one would mention or explain why the loss of only few big oil companies and oil producers , would beat world economies combined including their peoples doing better .

Nowadays a barrel of crude oil is hovering around 50$ , almost double than few months ago , and some serious Wall ST. speculators and big banks predict a possible projected escalation to a 100$ for a barrel or even higher . Merrill Lynch/Bank of America is advocating a price of 76$ per barrel by 2017 . And it seems everyone is happy with actual prices and their future projections . WHY ??

One would wonder why , with 3 strong oil producers back at good levels of export , plus some new discoveries in the Mediterranean and all over the world , plus the American /Canadian fracking oil productions ready to resume at full scale any time , and the renewable energy productions spreading like no time before , why do we see more of a shortage and oil prices projected to climb and possibly double actual prices . are these the normal trends versus the normal rebuilding of the world glut ?? whereby reduced prices of around 25$ a barrel seemed to be the norm . 

Is someone or some entity in control of it all ??  fixing markets , prices , productions etc...and using politics as well ??
3 major entities are absolute taboo in our political system as well as our "free" media empires ; the oil industries , the armament conglomerates , and Israel .  All three are totally undiscussable and untouchable .

We tolerate the oil industries to manipulate and fix prices , production and distribution and exercise a world domination , bullying all adversaries . We gladly accept that major chunks of the more than 600 Billion $ per year Pentagon budget, plus the trillions of Dollars for our wars , plus tens of Billions of Dollars secretly negotiated with Congress to augment defense/aggression policies budgets goes to arms deals and their manufacturing corporations . And of course Israel !! The eternal untouchable and undiscussable , no matter how embarrassing , obstinate and intransigent they might prove to be .

The entire world look for us and our policies about almost everything , and more so for our oil guidance strategies , while we here cannot get independent from the few big corporations and big banks and major lobbying forces , all acting to obstruct our acting  correctly , fairly and freely .

Thanks to you all , for your your times , and help propagating the blog .