oil today, profit tomorrow

So very recently oil prices have started falling. That's good for America, but why suddenly after the slow and constant rise over the past seven and a half years has it started it's humane decent into decency? I have a theory.

The profit forecasts for oil companies in general have been phenomenal. But was it enough for the big oil C.E.O.'s? My thinking is that they are beginning to see the well run dry. Not because of India and China, but because the oil man in charge is leaving office. They will never have a chance like this again. They jack the prices of oil as far as they can, meaning until the number one consumer of oil begins to back off purchasing. Then they run the prices down, saying supplies are more plentiful because of Americans cutting back. Do we really use so much oil that in just under a month we can begin to bounce back? or are the cups o' plenty full enough where they can begin to release the oil to the people who count on it. A member of OPEC recently stated that in the near future, oil could fall below 80 dollars a barrel. I find this an interesting speculation with the winter months in America just around the corner. 

Could it also be OPEC/Big oil fear? T. Boone Pickens, one of the biggest oil folk in the land is starting a campaign to begin using alternative measures of energy.....wind mills to be exact. OPEC doesn't have a monopoly on wind. Could it be that the time has come for common sense to rue the day instead of the greed of the last quarter century? If oil companies began putting forward alternate means of energy to fuel cars, heat homes, and the like, they could still make their money, AND keep it in country. It would create jobs. It could begin to deflate the pesky global warming thing as well.