Paul Joseph Watson http://www.infowars.com/?p=2157
Prison Planet
Thursday, May 15, 2008
Globalists hell-bent on reducing the living standards of westerners by jacking up oil prices to a whopping $200 dollars a barrel took a step closer to their target yesterday after JPMorgan Chase & Co announced that they will begin trading oil by the end of the year.
"JPMorgan Chase & Co will begin trading physical oil by year-end, increasing its exposure in a market that could rise to $200 a barrel, the bank’s global head of commodities said on Wednesday," reports Reuters. http://www.reuters.com/article/ousiv/idUSSP14850120080514

"The bank plans to expand in commodities and energy trading, Blythe Masters said, despite expectations of job cuts in other areas as it prepares to take on staff from Bear Stearns at the same time it deals with turbulent financial markets."
"Oil rising to $200? It could happen. This year? You could see it, although it would take a further shock to expectations," Masters said.
"Supply disruptions, geopolitical events, increased demand for refined products, weather, additional investor inflows driven by shifting inflation expectations — they could all contribute to high oil prices," she added.

The ultra-secretive Bilderberg Group, a consortium of power brokers from banking, business, politics, academia and oil, met in Munich Germany in May 2005 when crude oil prices were around the $40 a barrel mark.
During the conference, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened.
During their 2006 meeting in Ottawa Canada, Bilderberg agreed to push for $105 a barrel before the end of 2008. This information was gleaned from sources inside Bilderberg who have proven reliable in the past. That figure has already been surpassed by $21 dollars as oil shot up past $126 dollars a barrel this week.

...and demand will fall, one would think. Think of all the CO2 that won't be pumped out as folks start conserving, carpooling, etc. Maybe this is part of the "plan"?
Nah, they'll just holler for the government to take the oil companies' profits...and hang the CEOs...but the price wouldn't change much

Ain't going to happen for consumers are already reacting to it. Auto dealers and lots are getting flooded with SUV, economy car sales on the rise.
The thing is it ain't going down any soon either for if it does, consumers will quickly go back to their gas guzzlers, this will take a while.
Just look back in the 70's and you can see a pattern. Oil became cheap after a while and then follows the popularity of SUV, hummers, hemi engines are back, muscle cars, you drive 65 MPH and you are the slowest vehicle on the freeway and as a result the market saw that Oil is cheap and the demand has gone really high. Plus China and India's gets into the mix.
Then we have environmental laws that is putting a lot of pressure to the supply side .As you can see environmentalist dream is to stop the use of fossil fuel totally and by design they want to make Oil seem scarce to push alternative source of energy.