Comment: One tiny nation (Iran) does not control gas supplies

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One tiny nation (Iran) does not control gas supplies

Iran is a pawn and scapegoat. Wall Street banks, in conjunction with OPEC, control supply and price. After the 2008 financial collapse, the price of oil dropped from a high of $147 per barrel to under $40. This was a seventy percent drop in the price of oil, but global oil consumption only dropped by about 10%. This disconnect between price and demand is the result of speculation by Wall Street banks, whose subsidiaries also have storage facilities for hoarding large quantities of oil. In the video below, oil industry analysts explain the speculative and supply role played by big banks.

Energy policy also has a big effect on price and Obama admits this saying his policies would cause energy costs to "skyrocket". (Rand Paul: One person can make a difference) (Fast and Furious hearing)