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Unsound fallacies on the Price of Oil

Michael Levy
July 13, 2006
The reasons given for the new spike in oil price of over $76.00 was given on CNBC at 2.15 pm on Thursday 13 July.

1/ Unrest in the Middle East .... This is not a true reason for the price increase, as there was worse trouble in the Middle East in 1999 when oil was trading at $12 a barrel

2/ Iran's Aggressive Rhetoric ... This is not a true reason for the price increase, for Iran was just as just as outspoken with their Aggressive rhetoric in 1999 when oil was trading at $12 a barrel


3/ Nigerian pipeline explosion ... The explosion will not effect the over supply of oil which the world is floating in

The Truth of the matter is there has never been a shortage of oil...Just very clever speculators who use the uninformed people in the financial media to inflate the price of oil by greedy speculators.... Remember, for every dolar on the price of a barrel of oil, every car owner contributes money to pay for more Iranian missiles.
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Michael Levy

Michael Levy is a professional optimist. He is an international talk show host, phliosopher, poet, financial/inspirational speaker and the author of ten inspirational books.

His new explosive book; "CUTTING TRUTHS" is now published and available at Amazon.com or pointoflife.com.

Michael's poetry and essays grace many web sites, newspapers, journals and magazines throughout the world.

He is a prominent speaker on health and wellness maintenance, stress eradication, wealth creation and development, authentic happiness and inspirational poetry.
Websites:
http://www.pointoflife.com
http://www.blogtalkradio.com/pointoflife

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