Why is the oil price going down?

I read somewhere that, Oil price depends on supply and demand. When oil price was high, it was said that India and china was responsible for increased demand, and now what happened. Are all the people in India and China dead? so all the transportation around the world has stopped or what ? so there is no demand now or what ?. no body is using oil now? What will happen to billion dollar profitable business to the Exxon mobile ? who is playing this game? Is the biogas reponsible for this ?Why is the oil price going down?
It is strictly economics. Demand recedes and price goes down. It is still true, contrary to the assertions of the racist ex-crackhead Marxist.Why is the oil price going down?
I summary:





1. Barry got elected


2. Investors fearing Barry's economic plan, got out of American markets


3. With investor dollars gone, Business which relied on those dollars have to tighten belts


4. Tightened belts results in layoffs (loss of jobs)


5 No jobs means no gas used to get there (the job location)


6. No gas used means supplies of gas (oil) increase


7. As the supplies increase producers cut prices to sell (move) it








In effect, Barry has helped lower the price of gas, of course if your one of the projected 14 million job losses over the next 4 years you will have a bit more to worry about then if gas is 2,00 or 10,00, like how to get a potato to eat.



world wide economic slow down and the greedy profiteers realizing that they may have killed the golden goose and trying to backpedal.
right now the world economy is going down


that demand is dropping


and the inventories are building





so to sell the oil just sitting there


prices must come down
They sucked the economy dry.People spent their money buying gas and everything else went broke.
The republicans are leaving the white house so they can no longer skim a little of the top.





Just sayin.....lol

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