NO SPECULATORS MANIPULATING OIL, NOW AT $100 PER BARREL

NO SPECULATORS MANIPULATING OIL, NOW AT $100 PER BARREL
I don't get these guys that are sticking to their guns that oil ran up to $147 per barrel due entirely to supply and demand issues. Here we are after a year of watching oil run all over the place. One year ago we were stressed about $75 per barrel oil, then 2 months ago it hits $147 per barrel and today it is near $100 per barrel. Has supply and demand changed that much over the past year?
Well, I guess we would have to argue that demand is down, but did it fall off a cliff or has it been down all year. Then we have OPEC, crooks, cutting supply. They like this crazy price of oil. I do agree we are in a position where oil is becoming scarce and the growth of supply is diminished, but did that cause this run on pricing. Then followed by the drop.
It has to be speculators! They didn't want to put their money in the stock market or real estate, so commodities got the boost. Their greed cut into every one's pockets and has helped accelerate this recession. Why is this allowed?

Just my opinion!
Jeff Cameron