Letter: Oil prices go down, violence goes up
(Bullit Marquez | AP file photo) A sidewalk vendor reads a newspaper that headlines the recent attacks of Saudi oil refinery and raises global concern for a possible spike of oil prices Tuesday, Sept. 17, 2019, in Manila, Philippines. Monday saw another round of oil price increase in the country, which energy officials said is not related to the recent attacks in Saudi Arabia but cautioned the public to brace for more spikes in the coming days.
Did you ever notice that, whenever oil prices dip near or below $50 a barrel, there is also a manufactured crisis in the Middle East, almost every time?
Just like clockwork, there comes along some kind of crisis that benefits the oil companies and oil producing countries on all sides. It usually takes the form of a seized tanker, the taking of hostages, a bombing or the downing of an airliner, but not necessarily in that order.
The powers that be stand to gain billions in windfall profits every time oil goes up, even $1 a barrel. These events since the early 1970s are just too obvious not to be true. They just can’t stand oil prices that are below the $50 mark.
Ron Overman, West Valley City
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