That's exactly the problem with the oil futures market, it's not "physically settled" in the sense you're assuming, like e.g. gold or copper etc...
Quite understandably, when price of any product rises, people assume that demand is running amok. The main culprit here is a market which is...
Oil price discovery mechanism via the futures is flawed, as there can be no meaningful arbitrage between physical and futures (unlike e.g. natgas,...
IMHO China is also subsidizing a massive know-how / technology transfer from US / EU, by actually allowing its workforce to be exploited in the...
The items you quote can all be traced back to Japan's (near) zero rate policy. Basically, Japan's policies (free borrowing in Yen coupled with...
Ubertrader, I'm not so sure how much effect the "Barrons reading individual investor" has over the markets. I had the impression that the...
Here is a relevant comment by John Succo: -- John Succo at Minyanville. Professor Succo asks and answers the question: Is the rise in short...
I'm floored that all these economists, reporters, industry experts etc, including pro traders in ET, keep "analyzing" why oil price doesn't fall...
Rogers etc are just talking their book. As he receives royalties income when people put money in long-only commodities funds that track his...
Hmmm, but the Federal Reserve isn't the "root of all evil" as this documentary seems to present them (I watched the first 15min). To quote...
I would like to suggest that people spend a few minutes to check the facts about how the oil market works (what is the role of LSC etc) and what...
Oil is simply a cornered market, with a broken price discovery mechanism. No need for intervention, just initiating contracts for oil types...
Basically it's simply a broken pricing mechanism (at least compared to every other market I know, stocks or commodities). Since there can...
So, to talk about the analogy, the price of wheat is going up because of bakery bottlenecks? Well, not quite, it's because of the broken...
Yes, RSS would be a great feature.
Actually crude oil is going to $386.57 per barrel: http://dhatz.blogspot.com/2006/06/oil-to-38657-per-barrel.html
While we're talking about lies... ... the percentages quoted above are a good example of "how to lie with statistics" (I remember I had a book...
DrChaos, what you write is certainly a possible scenario. That oil producers are lying. It is a belief shared by all PeakOilers I've come...
And others like journalist Greg Palast think that... "Keeping Iraq's Oil In the Ground http://www.alternet.org/waroniraq/37371/ Did the...
I know it'll sound strange, but talk about hybrid cars and other methods of cutting down consumption are mostly IRRELEVANT (unless we're talking...
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