If the price of oil is the result of supply and demand, then the current price is based on the real increase in demand from China and India and the threat of supply disruptions. This supply threat can be blamed on the war in Iraq and the recent price spike based on the Israel / Iran conflict possibility. If you take that theory as fact it then seems rather ironic that the very government that sanctioned the war in Iraq now spends most of their time blaming oil executives and speculators for the high price of crude oil. If the war in Iraq was supposed to "secure" the American oil supply it has failed massively, or at least done so at an enormous cost. Congress has done a nice job of hiding that fact while they focus the American population on "evil" oil executives and speculators. The questions should be coming towards congress not from them. Meanwhile traders trade. http://tradingcrude.blogspot.com/
so, what are you saying? I agree with the slam on these worthless journalists, and they keep burning through any of them that used to have credibility, like Jim Cramer, as if he really knew anything the irresponsibility of their conduct is tantamount to yelling fire in a crowded movie theatre, or yelling terrorist at the airport or taking some other socially irresponsible action and conduct, yet CNBC and the other channels keeps spouting these stupid notions of supply/demand as justification. Cramer said we should be thankful that gas is in the $4 range and not higher. Oil Ministers after Oil Ministers keep saying (Saudi, North Sea Drillers, etc.) that this crisis is a figment and manipulation of the US markets, and they never persue that part of the story whatsoever. someone needs their lilly whites soiled in a jail house romp for all the damage they keep doing to the US Economy......
Solfest wrote.... If the price of oil is the result of supply and demand, then the current price is based on the real increase in demand from China and India and the threat of supply disruptions. This supply threat can be blamed on the war in Iraq and the recent price spike based on the Israel / Iran conflict possibility. If you take that theory as fact it then seems rather ironic that the very government that sanctioned the war in Iraq now spends most of their time blaming oil executives and speculators for the high price of crude oil. If the war in Iraq was supposed to "secure" the American oil supply it has failed massively, or at least done so at an enormous cost. Congress has done a nice job of hiding that fact while they focus the American population on "evil" oil executives and speculators. The questions should be coming towards congress not from them. Meanwhile traders trade. http://tradingcrude.blogspot.com/ ............................................................................. Excellent Commentary, Solfest What was telling in the beginning....was and is the complete denial of two oil men in the highest offices of the US....Mr. Bush and Mr. Cheney that there would be a huge price increase in oil...as a result of an Iraq War.... Although they both have been in the oil business.....both of them deny this price increase due to the Iraq war to this very day.... No energy policy as well..... One can draw their own conclusions.... Congrats to both Cheney and Bush for MISSION ACCOMPLISHED... THE US BUSH/MOSTLY CHENEY OIL ADMINISTRATION.... THEY ARE LAUGHING AT THE US PUBLIC.....
ONLY when the majority of the US Public "gets it"... that the Gummint sees us as "suckers to be fleeced"... will there be marching on Washington, carrying signs.... THROWING THE BUMS OUT! Untill then, more of the same. Obama won't fix anything... neither will McCain.
no of course not, blame the supply and demand, just like every other news commentator that thinks they know what they are talking about....
well,, there goes another airline out of business, wonder what all these touted tax breaks for business will do for them? utto, don't need to worry about health care or other subsidies for those former employees.... conservatism works! ((small print -- just not the way its sold))
Do yourself a favor and move to Cuba nothing goes out of business there. You will find nice and most importantly stable environment.
Bushville-II opening at a town hall and city near everyone.... no need for Cuba, or any other place, got it right here! wonderful leadership and decisive decision making on economic matters... $12 gallon octane-87 gas for everyone.... wonderful decisions....
no need for Cuba, or any other place, got it right here! You don't know what you are talking about. It's fucking hilarious that you complain about Bush(or anybody for that matter) yet you would be willing to run oil industry into the ground and it's hysterical that you would expect oil price to go down after that.LOL.LOL.LOL.