4th largest oil producer says prices are kept high by secretive powers

This is very interesting to me. The president of Iran, the 4th largest producer of oil in the world, as well as 4th largest exporter, nonchalantly admitted that oil markets are artificially high, and that there are powers that be, who set the price of oil -- not the market.

Not that i'm a follower, but isn't this exactly what Lindsey Williams is saying?

Now I don't love or hate Iran, but I have enough respect for the people of Iran to think that they wouldn't elect a "crazy" conspiracy theorist for president, who doesn't understand the oil market which their country is totally dependent on. Nor would he be allowed to stay president, if that were the case.

So is this true? Is the world being duped by a small group of people who really do run the world?

By the way, here is a link to the full interview with Ahmadinejad. The oil comments are approx 18:30 into the video.
cspanjunkie.org...

Of course it's true. Everytime the oil goes down at the barrel it takes time to go down at the pump. Is that not market manipulation? We live in a imoral economy that gives suppliers too much latitude in priceing, to the detriment of the quality of life of everyone else.

That said, maybe this situation will finally break the oil monopoly and make the average joe wake up from his slumber and realise the energy situation is the base of most of the inequity in the world and we need to move to renewable and non centralized sources.

Once individuals have energy independence the world will be a better place. We are the ones who are feeding the monsters.