I admit, I don't know a lot when it comes to the middle east, oil and the market in general. However, this question keeps popping into my mind.
To me, the average citizen, it seems that the majority of oil comes from the Middle East. That Dubai & China have a lot of money to spend on whatever they want and the US is in a depression that we can't seem to get out of. Everytime it looks like we're taking a step forward, oil companies raise the price and we end up 4 steps back trying to recover from another massive hike.
So, am I wrong to think that oil companies are using price manipulation as a form of terrorism to bring the Western World, more specifically the United States, to it's knees or is this just good 'ole boy money makin' greed at it's best?
I'd love to hear the ideas of others on this. Educate me if you will.