We must be awash in oil...

Discussion in 'Commodity Futures' started by polpolik, Nov 11, 2008.

  1. BSAM

    BSAM

    How many times do I have to tell y'all this?:

    At the current time, there is no oil shortage. It is merely a scam.

    To verify this, go to the library and check out a history book. You need only research back to the 1970's. This game has played out before.

    Happy driving!
     
    #31     Nov 12, 2008
  2. Seems like only a few years ago, OPEC was talking about a range of $24 to $28 as a fair price. Suddenly, they think $100 is.

    Times are a changing
     
    #32     Nov 12, 2008
  3. Those numbers are a function of money supply.

    http://research.stlouisfed.org/fred2/series/BASE
     
    #33     Nov 12, 2008
  4. dhpar

    dhpar

    number of dollars in circulation too...
     
    #34     Nov 12, 2008
  5. Oh! No! It wasn't speculation that drove the price up, it was demand. BULLSHIT! So now are we to believe that "demand" has dropped off over 50% in four f'n months? Had that really happened the unemployment rate would be about 75%. Just more manipulation so that those in the know can continue to rape the masses.
     
    #35     Nov 14, 2008
  6. ammo

    ammo

    Listen Mid East ,we need to build about 20 or 30 new wells in your backyard,we're willing to pay top dollar,we'll have our employees,Bush and Cheney overthrow a government,we're cheap greedy bastards so the top dollar we are gonna pay you will be in the form of you selling your oil for over $100 dollar per barrell,,do we have a deal? All right ,we threw the guy out ,we got our wells in,you've been paid,now let's bring oil back to a more manageable price ,if we bankrupt everyone ,we'll have no one left to sell our oil to.
     
    #36     Nov 16, 2008


  7. I think a scam is too harsh of words..its just typical human behaviour...
    Like the fact that there is a whole lot of supply that becomes economic when light sweet floors over 100 a barrel on a long term basis...not when it reaches for those levels in a blow off.
     
    #37     Nov 18, 2008
  8. Crude prices directly correlated to the bush/cheney cabal.

    Which means once out of office, crude will find support at 30.


    Peak oil?

    Another b.s. theory hoisted on fools who bought the top.
     
    #38     Nov 18, 2008
  9. jprad

    jprad

    Let me guess, you also believe in Intelligent Design, right?
     
    #39     Nov 18, 2008
  10. Hahah...so the guys who are up 25K a trade are taking the risk, but you who have been catching a falling knife, and down 25K per contract - are what?
     
    #40     Nov 18, 2008