Detective Work Needed!

            In recent years there have been huge swings in the price of crude oil that has made an immense dent on the pockets of the consumers. The prices have gone from the low of 69 dollars a barrel to the high of 145 dollars a barrel in this time period. These fluctuations have put a huge strain on the consumers because they are the ones that get the short end of the stick from these situations. The thing about this is that supply has been steady for the past 6 years and demand has not fluctuated in such a fashion that can make the price of crude to swing as high as it has.

            The government needs to call on thorough investigations in the crude oil industry and demand real answers as to why these fluctuations exist. If one follows the laws of supply and demand, one can understand that huge oscillations cannot exist if both supply and demand are constant. There seems to be other motives for the instability of crude oil so the government must stand in to find the culprit of the instability and remove it from the equation. Manipulation of the oil market through speculation to drive up prices is not needed in the market because this is not helping the economy grow and prosper. Oil is a major player in our economy and manipulating it is giving a lot of power to a few which puts the economy and the consumer in the hands of the speculator’s wrath.