how low can beach go?, page-31

I have forecasted/said quite sometime ago that oil could not keep on going at those high prices, and yet no one here believed me. As a matter, of fact one reply was, that oil was going to reach $200 per barrell.

As for some oil producing countries now turning the taps off, in order to increase the prices of crude, I also said that once the price of oil was reaching a low price, no one was going to reduce the production, because they needed to keep a certain amount of income coming in for their own economies, otherwise they would be in serious troubles themselves. IMHO, the price of crude has been obvioulsy and blatantly manipulated by the oil trader to a great extent, for a long period of time, and now they (the oil traders), are just sitting by the catwalk licking their wounds, and waiting for thing to pick up again, before they start they daily routine of manipulation.

Hence why Saudi Arabia, although they said that the price of crude should be at around $70 per barrell, stated that they aren't going to reduce supply any furher at this stage of the game, even at these low prices. Consider Venezuela and othet countries who rely on the oil for their own export, and balance their own budgets.

In the meantime we can see that the gas prices are firm and indeed there are talks that it will in fact increase to at least the world parity. ??????

Then we have even our Reg saying that he miscalculated/misjudged the return on investment capital that the gas would return. But what is he doing about it, besides talking about selling the resources???

I am a holder of BPT since Adam was a boy and I do also own BPTO but I wonder for how much longer now. Maybe I should start trading it as a few othere here are doing.

Quite obviously I have expressed my disappointment and I am ready for criticism, but only constructive criticism please!!.

Good luck to holders.

Buddy