Higher oil prices have all the politicians eyeing the profits of oil companies. I am happy with the oil companies making some profits. That will encourage more capital to be invested in these companies, which is what we all want. We need to invest in Oil to solve our energy problems.
But oil prices are not being driven by the oil companies. Prices are being driven up by speculators, mostly global hedge funds. These guys do not invest their profits in the oil industry. They use leverage to drive up the prices of what are essential commodities for the rest of the world, and then disappear with their ill gotten gains. So all you agitated people, go after the hedge funds, not the oil companies. There lies the real villain of the piece.
