To: soccer_maniac
Can someone please explain in simple terms why the price of crude is falling? Thanks.
3 posted on
10/11/2006 12:23:53 PM PDT by
VoiceOfBruck
(The truth shall make you free)
To: VoiceOfBruck
Can someone please explain in simple terms why the price of crude is falling?
More sellers than buyers.
Alternatively: ROOOOOOOOOOOOOOOOOOOVE!!!!!!!!!
To: VoiceOfBruck
No bogus claims of a catastrophic hurricane season,we are not buying as much oil, supply exceeds demand. Ie nothing the speculators can hang their hat on.
Don't worry somebody will fart near an oil field and they will rise on that news.
5 posted on
10/11/2006 12:29:56 PM PDT by
JackDanielsOldNo7
(On guard until the seal is broken)
To: VoiceOfBruck
No hurricanes and a predicted milder winter. Speculators are acting pretty comfortable right now.
6 posted on
10/11/2006 12:31:03 PM PDT by
tobyhill
(The War on Terrorism is not for the weak.)
To: VoiceOfBruck
I think part of it must be a bubble bursting. It was unrealistically high in the first place.
9 posted on
10/11/2006 12:39:07 PM PDT by
dangus
(Pope calls Islam violent; Millions of Moslems demonstrate)
To: VoiceOfBruck
Can someone please explain in simple terms why the price of crude is falling? Thanks.IT'S BUSH'S FAULT!!
Sorry... I had to get that out of my system.
There is more supply than demand. Speculators expected another disastrous hurricane season to hurt US and Mexican production. This would have driven the price up and handed the speculators a nice profit. The opposite has happened and over production (in anticipation of a falloff in oil from the Gulf of Mexico) is driving the price down. The speculators are now jumping ship and making the price drop even further. Making matter worse still is that OPEC can't stop its members from cheating; they need the cash.
12 posted on
10/11/2006 12:51:48 PM PDT by
Redcloak
(Speak softly and wear a loud shirt.)
To: VoiceOfBruck
Can someone please explain in simple terms why the price of crude is falling?
He is one magnificent bastard.
13 posted on
10/11/2006 12:51:59 PM PDT by
USS Alaska
(Nuke the terrorist savages - In Honor of Standing Wolf)
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