The Oil Industry has been moved from the open and transparent market to behind closed doors, it is one of the most secretive businesses in the world.
Speculation on oil is done by hedge funds, financial institutions, banks, and the oil companies themselves, these speculations drive up the price of oil based on false information of supply and demand and other conditions, future speculators save a 16-1 leverage on crude oil, meaning the people are paying high at the pump for what is left on these speculators 16-1 leverage, creating massive profits.
Oil is at its highest production ever, with many new oil fields to still be touched on and demand flat the price of oil on a tranparent market would be going down, instead these criminals get away with billions of dollars in profits while the majority of the world suffers.
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