Thanks Fed for the $124.00 oil

Maybe you could tell me than, how many people do you know that stopped buying gas because it is $4.00?

If consumer pays $4.00 per gallon why oil companies should sell it any cheaper?

Oil went from $100 to $125 that is a 25% increase. Gas prises didn't go from $4.00 to $5.00. Why not?

 

Thanks for the $134.00 oil. All your rate cuts have done nothing nothing nothing.

30 year still near 6%

 

it's oil hyperinflation

at least 1% per day average

 

Pure speculation, proven in numbers and actors (read it and see the light):

http://seekingalpha.com/article/78264-commodities-prices-speculation-exposed

 

All the Saudis had to do is say they will boost output dramatically, which would kill the bullish speculation and this would all be over.

This time they did not. OPEC is challenging America's global position.

They see an impotent Fed, and the impotence of too many Americans STILL believing that if they just leave Iraq (consequently leaving its oil for Iran to control), everything will return to the peach fuzz 90s.

If enough Americans demanded that America should control the flow of Iraq's oil, OPEC would fold.

 

It's not OPEC.

Read the link above. It's really worth the time.

If OPEC doubled production, speculators would buy the oil on the market, and lock it up. It would never reach its port, and would never be added to the supply chain.

 

The banks own the fed, of course the fed is going to look out for them.

the fed is there to bail out the wall street big money.

the public is there to be the dum-dums for wall street to prey upon.

they are not dumb, the simple truth.

And of course its all about speculation.

It's the same 2 bullshit stories rotating depending on price action direction.

If price goes up its suppy worries, nigeria, russia, iran, whatever.

On the few days price goes down it's worries that there is not enough demand.

Demand is down in the US, and China and India together consume %50 of the oil the US does.

 

Read the report presented to the Senate, and you'll see that there is absolutely no fundamental support for this oil super-spike.

The market is well supplied (oversupplied, in fact).

http://hsgac.senate.gov/public/_files/052008Masters.pdf

 

You have asked the question “Are Institutional Investors contributing to food and energy
price inflation?”
And my unequivocal answer is “YES.”
...
In fact, Index Speculators have now stockpiled, via the futures market, the equivalent of
1.1 billion barrels of petroleum, effectively adding eight times as much oil to their own
stockpile as the United States has added to the Strategic Petroleum Reserve over the
last five years
...
the current Wheat futures stockpile of Index Speculators is enough
to supply every American citizen with all the bread, pasta and baked goods they can eat
for the next two years!
-Michael W. Masters, May 20, 2008
wonder when these 'bubbles' will bust?

 

There's 1 sure way to resolve this, organise a world wide 1 day strike via Youtube, nobody that day goes to work. If that doesn't work, then do it again. They are taking the piss with these prices & charts don't look like a ceiling has been reached. Remove demand.