Comment: Price of crude oil is related to somebody's kin.

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Price of crude oil is related to somebody's kin.

Clans create cartels. Some monopolies. Those clans dictate a lot of price behavior. Their machinations & mischief have far more to do with the price of oil & tea in China than the Chinese do. Yes, the Chinese by & by play too. More so recently... this last century they are seeking influence beyond their Great Wall.

The Bloomberg link cited shows the price of gas @ the pump in 60 Nations. Kuwait was #58 @ 81¢. Please note, the list shows the consumptive nations with high prices. The productive nations show low prices. This is expected.

Shocking price increases come transporting across international boarders. Why? A particular closure of a sea lane? An opening of another? Sets one to wonder.

One might look down the list of 60 nations shopping for a good price. Or one might have other plans.

------------------------- Curious search ------------------

Search: Who sets the price of oil? Brent crude? West Texas crude? ~ About 6 results (0.35 seconds)

How much is the current price of Brent and crude oil right now? – KGB ...
Feb 3, 2012 ... The current price of Brent Crude is 76.70 USD per barrel. West Texas Intermediate Crude Oil is currently trading at 80.88 USD per barrel.
https://www.google.com/url?q=http://www.kgbanswers.co.uk/how...

Current price for crude oil – KBG answers
Feb 3, 2012 ... Current price for crude oil. Brent crude oil hit an all-time peak of $112.83 today before falling back slightly to $111.58. West Texas Intermediate ...
www.kgbanswers.co.uk/current-price-for-crude-oil/2217854

What is the current price of crude – KGB answers
Feb 3, 2012 ... The current price of Brent Crude is 111.58 USD per barrel. West Texas Intermediate Crude Oil is currently trading at 113.48 USD per barrel.
Oil price today – kgb answers
https://www.google.com/url?q=http://www.kgbanswers.co.uk/wha...

Feb 3, 2012 ... Oil price today The KGB Agent
www.kgbanswers.co.uk/oil-price-today/2312636
Answer: Current oil price: Brent Crude currently $111.35/barrel. West Texas Intermediate Crude Oil ...

Why is the price of oil in dollars and not in pound sterling? – KGB
Feb 3, 2012 ... The KGB Agent answer: Current Brent Crude Oil $/barrel is 91.23 up 0.66 or 0.7 % from last close. West Texas Intermediate Crude Oil $/barrel is ...
https://www.google.com/url?q=http://www.kgbanswers.co.uk/why...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul