This is from Bloomberg, Oil Falls After Report Shows Bigger-Than-Forecast Supply Gain
It is not possible to have a weekly report of oil inventory barrels off by 8 million barrels. This is an obvious fraud. In this day and age of technology, it is not possible for Fred Flintstone to be off by 8 million barrels. Did we lose a couple dozen super-tankers? Were the tankers payment for something?
This 80 dollar fraud will crash naturally under the weight of the fraud. It will take down the oil companies. You did this to yourselves. You have no-one to blame but yourselves. I have no sympathy for those rich people who's business plan was based on how well they could lie their way out of such widespread fraud. You are the ones paying people to lie to you and take your money.
Shareholders will lose and the executives will walk. What do I care? I have no vested interest in oil. I just want to see shareholders prosecute executives for fraud. I want to see these people go to jail.
Wednesday, March 24, 2010
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