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<blockquote data-quote="The Other Side" data-source="post: 1535374" data-attributes="member: 17969">OIL getting crushed today on the commodities market.&nbsp; Down 3% in trading.&nbsp; Oil below 50 bucks once again on oversupply.I guess that ICE has nothing to do with pricing, eh?Oil companies scrambling to shut off more wells.What I find ridiculous, is the the fact that in the early 1900&#039;s, the richest men in the world were created with $5.00 a barrel oil and for near 80 years they made BILLIONS upon billions of dollars at 5 bucks a barrel, yet today, these oil barons want to convince and some have been convinced that they cant exist with 50 dollar a barrel oil.Its a ridiculous proposition.When did americans become so gulible?&nbsp; There are plenty of people on this board defending the oil companies actions and then explaining they dont have enough profits.&nbsp; They disregard the outrageous salaries and bonuses the oil barons make which make up the high prices of oil.&nbsp; Oil is still where it should be, on the way down.&nbsp; It shouldnt be over 35 dollars a barrel. Pipelines and such will have no effect on pricing as long as the oil companies continue to shut off wells.TOS.</blockquote>

[QUOTE="The Other Side, post: 1535374, member: 17969"] OIL getting crushed today on the commodities market. Down 3% in trading. Oil below 50 bucks once again on oversupply. I guess that ICE has nothing to do with pricing, eh? Oil companies scrambling to shut off more wells. What I find ridiculous, is the the fact that in the early 1900's, the richest men in the world were created with $5.00 a barrel oil and for near 80 years they made BILLIONS upon billions of dollars at 5 bucks a barrel, yet today, these oil barons want to convince and some have been convinced that they cant exist with 50 dollar a barrel oil. Its a ridiculous proposition. When did americans become so gulible? There are plenty of people on this board defending the oil companies actions and then explaining they dont have enough profits. They disregard the outrageous salaries and bonuses the oil barons make which make up the high prices of oil. Oil is still where it should be, on the way down. It shouldnt be over 35 dollars a barrel. Pipelines and such will have no effect on pricing as long as the oil companies continue to shut off wells. TOS. [/QUOTE]

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