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To: Publius6961

Splain this to me:

We have so much crude right now we can't even unload it.. because we have nowhere left to store it.. not only here in the US, but also in Japan and other countries around the world.

Demand, worldwide is actually declining.

Yet the price of a bbl of crude continues to climb....

Long term contract for delivery was available long before a futures market existed in the US.... all you have going on right now is futures manipulation, just like you had tech stocks in 99.


13 posted on 04/24/2006 8:55:18 AM PDT by HamiltonJay
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To: HamiltonJay

What exactly is being done to 'manipulate' the world price of crude? Is someone, somehow knowing what the 'real' future price will be, agreeing to pay much more than that in order to somehow fool everyone? The tankers that are supposedly floating around the seas of the world have no effect on the future prices, they are there now, not then. Any insecurity about the future of oil supply will cause a rise in future price speculation. You can thank Iran for that uncertainty.


32 posted on 04/24/2006 9:01:05 AM PDT by waverna
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To: HamiltonJay

not enough refining capability. The environment lobby has made sure with the dems in their pockets that not a single new refinery has been built in the US in decades.


35 posted on 04/24/2006 9:02:50 AM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: HamiltonJay
We have so much crude right now we can't even unload it.. because we have nowhere left to store it.. not only here in the US, but also in Japan and other countries around the world.

Demand, worldwide is actually declining.

Could you please provide a source for your statements ?

48 posted on 04/24/2006 9:16:58 AM PDT by simon says what
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To: HamiltonJay
Long term contract for delivery was available long before a futures market existed in the US....

You didn't answer my question.

Why would the all-powerful world manipulators of oil prices allow anyone to enjoy very large quantities of fuel at half the going price?

What's wrong with this picture?

60 posted on 04/24/2006 9:36:55 AM PDT by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: HamiltonJay

I'm guessing that the crude-oil bubble began to pop this past Monday and will deflate seriously after the May 5 ethanol changeover.

Until such time as gasoline prices drop, however, just ride your bicycle, walk, or take mass transit. Exercise is good for you.


92 posted on 04/29/2006 7:23:24 AM PDT by dufekin (US Senate: the only place where the majority [44 D] comprises fewer than the minority [55 R])
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