Posted on 08/04/2008 1:14:16 PM PDT by 300magnum
These price moves were caused by increase Saudi supply,increased pipeline inventory and decreasing demand in US and Europe. Speculation slowed long before the prices dropped. If the speculators were running the show, the price would be $200, but they can’t defy the laws of gravity or the market.
Sorry..just go home with your tinfoil bennies and dream up another conspiracy.
This doesn’t prove anything. Pelosi, the Democrat/Marxists and those like you blaming the speculators wanted to stop them from speculating. Well if you would have had your way then the speculators would not be bringing the price down now to below $120 because you would have stopped speculation at $147 per barrel.
Funny how that price mechanism thing works to rein in demand and affect the supply-demand equation which the speculators then react to. And Thank president Bush too for ending the ban on offshore oil production which told everyone we were getting serious about increasing supply. And thank the Republicans in Congress who are now calling for Congress to end its ban on drilling.
This doesn’t prove anything. Pelosi, the Democrat/Marxists and those like you blaming the speculators wanted to stop them from speculating. Well if you would have had your way then the speculators would not be bringing the price down now to below $120 because you would have stopped speculation at $147 per barrel.
Funny how that price mechanism thing works to rein in demand and affect the supply-demand equation which the speculators then react to. And Thank president Bush too for ending the ban on offshore oil production which told everyone we were getting serious about increasing supply. And thank the Republicans in Congress who are now calling for Congress to end its ban on drilling.
However, I do agree with you that Congress needs to end the Democrat led bans on developing the 2 trillion barrels of oil in oil shale in the U.S. and other bans on energy like coal to oil, OCS, ANWR, Nuclear etc.
"Those who don't learn the lessons of the past ..." and all that stuff. We've been here before, folks. This is nothing more than two steps forward, one step back. It won't last.
Please, PLEASE do NOT be fooled again!
Whiskey Tango Foxtrot on the tinfoil hat attack?
It proves nothing, other than your complete ignorance of markets.
A nuke on Ummad’n’imbad’s porch could cause one last spike.
This is a BIG problem with mutliple causes which needs multiple solutions.
True - when the supply is high and the demand is low, speculators are not interested and prices are moderated.
But the supply was not very high and hasn’t really increased that much but the threat of drilling on American soil has frightened the social parasites in the speculator community so they aren’t driving up oil prices anymore.
We need to address the short term problem:
Drill ANYWHERE in the U.S or Off-shore
INCREASE refinery capacity
STOP the speculators from driving prices up everytime some
damn shiek gets a cold or the Iranians threaten us.
And the long term problem:
Nuclear electic generators
Coal and gas production for energy
Solar, wind and other imaginative solutions where
practicable
We can only live in a modern world and compete with the rest of the globe if we have access to cheap, readily available energy.
We can only starve out out the Islamic opposition if we are able to replace them as an energy source.
“This doesn’t prove anything. Pelosi, the Democrat/Marxists and those like you blaming the speculators wanted to stop them from speculating.”
I’m not a Marxist or a Democrat. I’m a patriotic American who is concerned about Americans losing jobs and American dollars going overseas to feed Islamic goverments which hate us. But you are right - I HATE the speculators who drive up prices on an essential commodity based on little real reason. I hope they lose their shirts and wind up on welfare when the bubble bursts - just like the many Americans they helped put out of work with these prices.
“Well if you would have had your way then the speculators would not be bringing the price down now “
Speculators aren’t bringing prices down - reality is.
“Funny how that price mechanism thing works to rein in demand and affect the supply-demand equation which the speculators then react to. “
Speculators don’t react solely to supply and demand. Tehy react to ANYTHING they think MIGHT drive prices up or down.
“And Thank president Bush too for ending the ban on offshore oil production”
I thank him for NOTHING - NADA. He COULD have ended the Executive Order his Idiot RINO father instituted against drilling off shore long ago - before Americans started losing jobs. And there is also the matter of that COngressional Law restricting drilling in America which is due to expire at the end of September. Unless the Rats can be pressured not to renew it, we can expect to see the Speculators taking advantage by driving prices up again.
“And thank the Republicans in Congress who are now calling for Congress to end its ban on drilling.”
The Republicans are pathetic. They could have done their grandstanding long ago, while Congress was in session. They lack the courage of OUR convictions in opposing the Rats which is why that party deserves to become extinct.
But I guess we should be thankful they finally located a small amount of testosterone, backbones and guts and did it at all.
However, I do agree with you that Congress needs to end the Democrat led bans on developing the 2 trillion barrels of oil in oil shale in the U.S. and other bans on energy like coal to oil, OCS, ANWR, Nuclear etc.
I guess we agree on that. But don;t hold your breath.
The Rats are adamant and the Repubs are capons.
No, I would be ignorant if I thought like you.
Exactly.
I hate reading over there, everyone is so contrarian end of the world, it’s rediculious.
Things aren’t good, but come on...
Specs work both ways, boyo. Profit to the upside? Fine. Profit to the downside? Great (matter of fact, you make profits faster to the downside when a mkt falls).
When you know what you're talking about regarding mkts, speak right up. Until then, well ...
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