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<blockquote data-quote="The Other Side" data-source="post: 1475955" data-attributes="member: 17969">Boone T. Pickens admits oil companies in the USA have already CAPPED 60 oil rigs in an effort to reduction production and drive the price of oil back up towards $90 dollars a barrel.This manipulation continues and to believe the rhetoric from the right wing that oil companies want to drill baby drill, what we see unfolding before our eyes is the greediest people in the world attempting to manipulate the stock price and screw the american public.Oil companies will continue to cut production and close wells off in order to reduce supplies and force demand to exceed supply causing the stock price to rise.Pipelines, drill baby drill&nbsp; and any other claim is all hogwash.The last thing the oil companies want is prices at the pump below 3 dollars.If you think otherwise, then you are simply foolish.What we are seeing is the effects of free market capitalism at work in a real sense.&nbsp; The rich get richer and the poor get poorer.Oil executives are losing millions in bonuses because of the drop in the price per barrel.Keeping oil above the $90 dollar a barrel threshold only guarantees oil executives with pay in the 100&#039;s of million dollar range.&nbsp; It has nothing to do with operating costs and everything to do with greed.Sanctioned greed.This is how Pickens got so rich, screwing americans.They shut off wells and limit supply. Oil should always be below 50 bucks a barrel.TOS.</blockquote>

[QUOTE="The Other Side, post: 1475955, member: 17969"] Boone T. Pickens admits oil companies in the USA have already CAPPED 60 oil rigs in an effort to reduction production and drive the price of oil back up towards $90 dollars a barrel. This manipulation continues and to believe the rhetoric from the right wing that oil companies want to drill baby drill, what we see unfolding before our eyes is the greediest people in the world attempting to manipulate the stock price and screw the american public. Oil companies will continue to cut production and close wells off in order to reduce supplies and force demand to exceed supply causing the stock price to rise. Pipelines, drill baby drill and any other claim is all hogwash. The last thing the oil companies want is prices at the pump below 3 dollars. If you think otherwise, then you are simply foolish. What we are seeing is the effects of free market capitalism at work in a real sense. The rich get richer and the poor get poorer. Oil executives are losing millions in bonuses because of the drop in the price per barrel. Keeping oil above the $90 dollar a barrel threshold only guarantees oil executives with pay in the 100's of million dollar range. It has nothing to do with operating costs and everything to do with greed. Sanctioned greed. This is how Pickens got so rich, screwing americans. They shut off wells and limit supply. Oil should always be below 50 bucks a barrel. TOS. [/QUOTE]

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