[Toddsterpatriot]

Well I suggested an article by Ed. Wallace in BusinessWeek

I didn't see anything recent. You have a link?

but the number is billions in loans over night loans

Less than $11 billion. Hardly big bucks.

And your claim, "They can drive the futures of oil, which is no gamble to new highs, sell and with no risk they pay back their laons to the Fed"

Is just silly.

The price of oil and gasoline is not now based upon supply and demand it is driven by speculation.

When Southwest Airlines buys oil futures, is that demand or speculation?

When I buy an oil contract, why isn't that demand?

For the past 2 years our oil imports and gasoline usage has dropped by 20% but today the price of gasoline is $1.00 higher than a year ago.

And it's $1.00 lower than it was 18 months ago.

[q_an_a]

Thanks for your comments - good bye

[expat_panama]

it's $1.00 lower than it was 18 months ago.

 

That's true, prices and imports went up, then they went down.  Not that it matters though...