The Saudi's are pumping oil ten to the dozen on behalf of Barry Soetero, I mean Obama. This is an election year so the powers that be want oil at a low price to appease the punters. It also helps the power crazy elite before they commence QE3 some time in the Autumn; to bail out their bankster buddies. This way oil is starting at a lower base giving them more fiat money printing room. Oil prices will fall during the year but quickly reverse later on. Read the article below.

Saudis Pump All Out as the Global Economy Crumbles | A Lightning War for Liberty

arse - Yep, and I've got a sure-fire winner for you in the daily double at Ascot, in the form of Chewing Gum, who's known for sticking to the rails.
Don't bother with investing in The Market Sectors Oil Services ETF, you ain't seen the bottom of the barrel (literally) yet. The world oil price is the most artificially inflated market in the world, thanks to the shadow financial system.
We have been paying for global banks losses from the GFC, in the last 4 yrs, via unbelievable prices at the bowser, thanks to their manipulation of world oil prices.

5G/Jo B
Mind you it's a pretty loose market and we know and love loose slots!!:)

Wow, I thought demand had something to do with the price. I realize we live in "exceptional" times, and that Economics 101 have been completely flushed down the toilet by the first ever generation of greedy bankers and their paid-for politicians.

Get a life guys...

Shame JS and the Hedgesters can't employ the same level of Worldly Wise common sense!
Being so much smarter than EVERYONE else must be a wondrous thing!:ok: