Was Friday's Drop, Monday Rise All Speculation?

On ABC news online, Adam Schreck, the Associated Press Business Writer reported on the oil price creeping back up on Monday after it had slipped down on Friday, July 18 2008.

There were talks on the horizon for that weekend, with speculation of a positive resolve that lowered the price of oil barrels on Friday. Yet, there was no credit to the upcoming Saturday talks on Friday and what they, the traders and buyers, were hoping for. In fact, in reading the Money and Business News on Friday the only credit of the oil plunging in price was given to the oil companies and their oil executives and to George W Bush and his Republican Administration. Yes, even the on line money and business news writers and television reporters on Friday and this past weekend were all trying to convince us that the up swing in oil prices was over and that we should be expecting a recovery of lower prices at the pump for the rest of the year. "Oh, Really?"

However, it wasn't until Monday, July 21 2008, when we are finally given the truth."The talks didn't resolve the problem of Iran's nuclear program, and that has been a factor in prices ticking higher today," What was that? Who was that? Did David Moore, a commodity strategist in Sydney Australia just admit that the oil prices fluctuate according to the 'POLITICS' of the day? "Part of the reason prices had fallen recently was on the expectation a deal could be made there." Did the commodity strategist just state that Friday's price drop in oil was only based on 'Speculation'?

'Oil prices also rose Monday on concerns that Tropical Storm Dolly may disrupt oil operations in the Gulf of Mexico, Moore said.' Was another reason for Mondays rise in the price per oil barrel due to more 'Speculation'?

When will the average American Citizen be told the truth? Is it demand, or is it 'Speculation'? The News Media, the Reporters are all suppose to be reporting the news. However all, we seem to get is Oil top executives and Corporate interests, Wall Street, and Republicans manipulation of the news.

Someone is laughing--all--the--way--to--the--bank, and it's 'NOT' me.