additional factors: 4) Artificial withholding of supply from the US markets have produced their desired effect in raising gasoline and diesel prices over $1 per gallon since Jan 2008. How? Artificially restricting refinery capacity and productivity to less than 80% even under these (aftificially) high demand times. This is a further reason to nationalize the oil companies and force their hands (as guilty as they are and as dishonest as they were before recent testimonies before Congress). This is another reason to further simplify into maybe just 4 (four) variations on gasoline distillates instead of the 40 something varieties that each state sets (based on polution controls). This is another reason to run the current refineries at 120% to force gasoline and diesel stocks up, and the prices down by over $2 per gallon, as if they ever had a reason to justifiably be over (87 octane) $1.79 per gallon. 5) Nationalize the oil companies and confiscate these stolen proceeds of over (on broad estimated average) $30 billion per quarter (every three months). All the excuses and stories given to justify and distract how they earned and why they should earn, and how little it really is are and were and remain bogus. Freedom is not free. Free markets are not free. Both were paid for at very high (human cost) prices and should not be allowed to be the priviledge of just a few thieves (even those with mounds of lawyers, three piece suits and such).
Yeah, I'm having a bit of difficulty digesting the traditional economic supply/demand argument here as well. I don't trade in oil aside from going long whenever my gas tank falls short. And each time, I feel like my pocket gets picked a little more. Good thread. Some great commentary.
This is a further reason to nationalize the oil companies and force their hands (as guilty as they are and as dishonest as they were before recent testimonies before Congress). That would be a perfect solution since we all know government would never pick our pockets. What these idiots do on trading site I will never understand. Suggestion: Moveon.org., DailyKos
Peak Oil=reality/an empirically validated theory. "Evil Speculators"=sensationalist, economic populism spread by fruitcake "Journalism" majors that couldn't hack an economics course.
Theres only one problem I see with that type of thinking. http://orwell.ru/library/essays/nationalism/english/e_nat p.s. "That would be a perfect solution since we all know government would never pick our pockets." Was that statement meant to be sarcastic? It came across like you meant it? 8s
well, with justification, and participation by CNBC and even Jim Cramer himself, on Monday before the open just to justify further this flawed, supply / demand nonsense..... that 10 yr old threw a temper tantrum on Friday during market hours and crapped all in his diapers to the tune of -413 DJIA and WTI Oil +11 per bbl/ US so, I guess, based on the childlike logic that the media and others keep using to justify this rampant unchecked manipulation of the markets, so I guess, between Thursday market close and Friday market open, 10 BILLION old ladies went to the gas station and demanded more gas / oil, just to justify the increases.... (sarcasm 2)
Peak Oil= sensationalist, economic populism spread by fruitcake "Journalism" majors that couldn't hack an economics course. "Evil Speculators"= reality/an empirically validated theory. Validated by people who actually know shit about oil/refining business. http://oil-gasoline.typepad.com/