to much oil?

[luckyleftyme2]

As we all know we can trace the increase in oil prices to the increase in power manipulated by the right!
Here's a little info I picked up off the web!
Oil market oversupplied: Saudis
AMENA BAKR AND REEM SHAMSEDDINE
KUWAIT— Reuters
Published Sunday, Apr. 17, 2011 12:58PM EDT
Last updated Sunday, Apr. 17, 2011 1:04PM EDT
you can read this article by following the link I will edit in this post in a few minutes!
IT'S "SPECULATORS AND THE BLACK GOLD GANG" OR AS MANY WHO HAVE LIVED IN TEXAS WILL TELL YOU-
" TEXAS TEA, OR THE TEXAS MAFIA" THESE ARE THE ULTRA RICH INVOLVED IN THE OIL TRADE! THE WHITE COLLAR WISHY WASHY HANDS BOYS! OF COURSE THOSE THAT HELP ELECT OLE HUFF AND PUFF ( OR AS MY GRANDFATHER WOULD SAY"DON'T KNOW SHIT FROM SHINOLA") WERE TAKEN IN BY THAT OUT OF STATE MONEY THAT FUNDED A TAX FREE ORGANIZATION !
THEIR ONLY AIM IS TO SQUEEZE EVERY DROP OF MONEY THEY CAN GET OUT OF JOHN Q PUBLIC!

Source: Reuters

Saudi Arabia’s Oil Minister Ali al-Naimi said Sunday the global oil market was oversupplied and that the world’s top oil exporter had already reduced production due to weak demand.

Consumers have urged OPEC to quickly add supply to quell the rally that has taken oil to its highest level in two and a half years amid unrest in North Africa and the Middle East.

“The market is overbalanced ... Our production in February was 9.125 million barrels per day, in March it was 8.292 million barrels per day. In April we don’t know yet, probably a little higher than March. The reason I gave you these numbers is to show you that the market is oversupplied,” he told reporters.

... OPEC officials have strongly rejected responsibility for high oil prices in recent weeks but Mr. Naimi’s words are the clearest indication yet that the group is unconvinced there is a need for more oil and that OPEC may well leave its policies unchanged at its June meeting.

Read more: http://www.theglobeandmail.com/report-on-business/indus... /