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<blockquote data-quote="The Other Side" data-source="post: 1492167" data-attributes="member: 17969">I am not picking on Pickens solely.&nbsp; My point was challenged that OIL RIGS were being cut to drive up prices.&nbsp; An alternative to that theory was to blame saudi arabia.Pickens is only ONE of many oil producers in this country speaking publicly about cutting oil wells while those on the political RIGHT cry for drill baby drill.I posted on pickens again with the video because REALBROWN insisted that i was making up facts instead of posting what was real.In the video, Pickens himself calls himself THE EXPERT in oil, and if this is the case, which it is, then his words speak volumes.My point from the begining is that OIL is manipulated and not a true supply vs. demand process. YES, when supply is down, the price per barrel goes up, but when supply is intentionally drawn down, then it isnt a fair process but a scam.He knows the past all to well.&nbsp; In the video, you hear him talking about the past where oil went down to 5 bucks a barrel and they cut wells from 4500 to 1500 and the price of oil shot up to 15 bucks a barrel.He says the same will happen now when the producing wells will be cut in half once again and the price of oil shoots back up over the $90 dollar a barrel threshold.The point is simple BBSAM, manipulation and I believe you can see that.TOS.</blockquote>

[QUOTE="The Other Side, post: 1492167, member: 17969"] I am not picking on Pickens solely. My point was challenged that OIL RIGS were being cut to drive up prices. An alternative to that theory was to blame saudi arabia. Pickens is only ONE of many oil producers in this country speaking publicly about cutting oil wells while those on the political RIGHT cry for drill baby drill. I posted on pickens again with the video because REALBROWN insisted that i was making up facts instead of posting what was real. In the video, Pickens himself calls himself THE EXPERT in oil, and if this is the case, which it is, then his words speak volumes. My point from the begining is that OIL is manipulated and not a true supply vs. demand process. YES, when supply is down, the price per barrel goes up, but when supply is intentionally drawn down, then it isnt a fair process but a scam. He knows the past all to well. In the video, you hear him talking about the past where oil went down to 5 bucks a barrel and they cut wells from 4500 to 1500 and the price of oil shot up to 15 bucks a barrel. He says the same will happen now when the producing wells will be cut in half once again and the price of oil shoots back up over the $90 dollar a barrel threshold. The point is simple BBSAM, manipulation and I believe you can see that. TOS. [/QUOTE]

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