Reply #5: The far right of the top graph is not there

[Warpy]

Oil prices have held pretty steady at around the $106-112/bbl mark for well over a month, while production has remained steady. That speaks to a total disconnect between supply and demand thanks to Phil Gramm "improving" the commodities markets, something also reflected in the food price index spike in the bottom graph occurring far ahead of any oil price spikes.

That's what's scary, the manipulation of commodities markets by large investment banks. That's a large part of what is behind all the rebellion in the Middle East, as people can no longer afford adequate food.

The problem isn't running out of oil. The problem is having too much of it controlled by investment banks trying to squeeze out every penny we have.

The fact that they're doing the same thing to food and other commodities doesn't make me rest any easier.