6 Myths About Oil Speculators

Discussion in 'Wall St. News' started by S2007S, Jun 27, 2008.

  1. RhinoGG

    RhinoGG Guest

    they're not making any more oil.
     
    #11     Jun 27, 2008
  2. did it occur to anyone that we are all agreeing here?

    Hmmm...that's weird for ET.
     
    #12     Jun 27, 2008
  3. offbyone

    offbyone

    These legislatures are such a joke. This "speculation" or "bubble" can be directly attributed to policies that they vote for or can change.

    Imagine if we weren't in iraq. Imagine if they have had the balls to be forward thinking and raise the mpg standards significantly. Imagine if they stopped giving subsidies and tax breaks to companies using old energy (oil, coal, nuclear) and instead either give none or give some to companies creating new energy alternatives. Just imagine if they didn't always have one hand on their wallets.

    Instead of recognizing this and fixing our policies they just want to add another bandaid on top of existing trash. I tell you, the leaders of the greatest country on earth are a bunch of gutless wonders.

    Speculators will always exist as long as we have a capitalistic society, they can otherwise be called investors.
     
    #13     Jun 27, 2008
  4. Why has the price of crude oil quadrapled in the United States, but only doubled in Europe throughout the same time period?

    Answer: The FED has consistently devalued the dollar.
     
    #14     Jun 27, 2008
  5. Pekelo

    Pekelo

    OK, here is a simple fact for you:

    Since 2005 world oil production has been basicly the same, but demand would have grown according to all estimates. of course you can not grow demand without growing production, so since production is plateauing, price HAS TO go up, killing demand...

    Simple enough...
     
    #15     Jun 27, 2008
  6. Daal

    Daal

    heres the fact bears refuse to look at
    http://bp2.blogger.com/_kdcZbozWthI/SDG20V6iFyI/AAAAAAAAAcg/BVjjw9y4tNE/s1600-h/Main.gif
    declining exports during the big global growth and high prices
    of course oil is due a correction but the bull remains alive and well
     
    #16     Jun 27, 2008
  7. You know what that monthly chart of oil looks like? The M3 Money Supply Chart the Fed use to publish. hmmm...

    [​IMG]


    Anyone have a chart for oil adjusted for inflation?

    [​IMG]

    The price is probably going to come down as quickly as it went up, but it could also go a lot higher short-term. No point in picking a top.
     
    #17     Jun 27, 2008