To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
2 posted on
09/29/2008 8:18:08 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Interesting article. I’m skeptical that it would lower oil that much, but who knows.
3 posted on
09/29/2008 8:19:26 AM PDT by
Vanbasten
To: TigerLikesRooster
But ... but ... but ... we were all told that speculation was not a factor in the oil price spike, that it was all supply and demand. Go figure. And the worst part is, after the likes of Lehman, AIG, MS and GS hosed us by jacking up commodities prices, the government will cushion their fall with our tax dollars. Are we the chumps or what????
4 posted on
09/29/2008 8:20:34 AM PDT by
dirtboy
To: PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; dervish; ...
"If speculators were forced to liquidate their positions, oil would easily be $65 to $75 per barrel by the time the liquidation was complete..." Bastards! Bailing out housing, commodity, and energy speculators with our tax dollars!
Ain't life in the United Socialist States of America grand?
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7 posted on
09/29/2008 8:50:25 AM PDT by
rabscuttle385
(No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
To: TigerLikesRooster
8 posted on
09/29/2008 8:54:45 AM PDT by
dennisw
(Never bet on Islam! ::::: Never bet on a false prophet!)
To: TigerLikesRooster
What I heard was Lehman was sort of a clearing house for hedge funds. It did the trades for them
9 posted on
09/29/2008 8:55:41 AM PDT by
dennisw
(Never bet on Islam! ::::: Never bet on a false prophet!)
To: TigerLikesRooster
Oil is currently at 100.22 and is probably going under 100.00 by tomorrow. Guess what. No earthquakes, no lightning, no fire from the sky...
10 posted on
09/29/2008 8:57:06 AM PDT by
TLI
( ITINERIS IMPENDEO VALHALLA)
To: newgeezer
I knew it I just knew it!
11 posted on
09/29/2008 8:58:54 AM PDT by
DungeonMaster
(Proverbs 24:21 My son, fear the LORD and the king; Do not associate with those given to CHANGE)
To: TigerLikesRooster
There is, obviously, a world wide economic slowdown looming. Demand for oil will decrease. Prices will fall. We have seen deflation in the housing market. Logic and common sense would dictate that deflation will spread to other commodities through decreased demand and a perception that prices are going down in the future.
13 posted on
09/29/2008 9:07:39 AM PDT by
Former Proud Canadian
(I would spend more time on FR but I have to make sure my tires are inflated.)
To: TigerLikesRooster
I’d like to try that with the local BM
15 posted on
09/29/2008 9:17:43 AM PDT by
SMARTY
('At some point you get tired of swatting flies, and you have to go for the manure heap' Gen. LeMay)
To: TigerLikesRooster
John Mauldin said that commodities are the last leg of the four legged stool: credit, equity, property and now commodities.
I wondered what would happen to the investment banks that had tons of money pumped into the commodities market. Now we know.
Repeal Sarbanes Oxley and let the market be normal again!
17 posted on
09/29/2008 9:47:28 AM PDT by
TenthAmendmentChampion
(Lord please bless our nation with John McCain as president and Sarah Palin as Vice President! Amen.)
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