such BS

[Silver_2000]

http://news.yahoo.com/s/nm/20080915/bs_nm/markets_oil_dc


U.S. crude dropped $7 to $94.18 barrel at 1135 GMT, the lowest level in seven months.

So IKE stops Gulf oil production for maybe weeks - yet gas drops 7 a barrel because suits decide to put their money elsewhere, due to concerns about US banks ?

Does anyone else see the problem here ?

Such Bullshit

[98Cobra]

Yea, I read that same story. Gas is up 5 cents in the last three days, yet oil is $50 down from its high. WTF.

[L8 APEX]

Oil is the raw material, maybe we are getting taxed on refining and supplies running short. Instead of oil being short...

[Silver_2000]

My problem with the story is that is PROVES that supply has NOTHING To do with the price - Its the damned futures investors

[dboat]

My problem with the story is that is PROVES that supply has NOTHING To do with the price - Its the damned futures investors


I wouldnt go as far as to say nothing, but it does show how much influence speculators have on this market now I understand why this market exists but I think we are going to have to have speculators have more skin in the game in the future..now its only about 5%... if it were to go to 20%, I bet we would see wholesale change.

Dana

[wesman]

I wouldnt go as far as to say nothing, but it does show how much influence speculators have on this market now I understand why this market exists but I think we are going to have to have speculators have more skin in the game in the future..now its only about 5%... if it were to go to 20%, I bet we would see wholesale change.

Dana


Been saying this for a while now. I think there will be some changes soon....about the time they start driving the price back up to $125 or so .....I think we'll see $70 before we'll see $125 again tho.

As far as the refineries and the gas "shortage" it's a crock. This is just another profit grab IMO.

--wes