During the final leg of my return from Calgary yesterday, I met a cool, calm and collected man. He spoke with a carefree southern accent and his demeanor was as comfortable as any person could be. As we both admired the vastness of the Rocky Mountain system over random topics, I learned that he’s an oil man who’s employed by Halliburton. We talked about oil rigs, exploration, Colorado’s active gas fields and other related interests.

I figured this was my prime opportunity to pick his brain about oil pricing. I asked, “Who do you believe is responsible for the pricing of petroleum? Is it OPEC? Speculators? Or, someone else?”

He responded, “I think it’s the oil speculators. The fluctuation of gasoline is something I don’t understand. I think it’s wrong when gas station owners increase the price of their reserves, because they’ve already paid for it. That doesn’t seem right.”

While there are probably dozens of causes for the fluctuation of gas prices, I believe the speculators are a huge red flag. Don’t pay any mind to my opinion, I’m just reiterating what I’ve observed and had confirmed by a Halliburton employee.

So, there you have it, direct from the horse’s mouth. That’s a lot to chew on.

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