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He certainly may. That wouldn't necessarily invalidate the accuracy of his testimony or public statements, however. You raise a great point, though. He was testifying under oath, I believe. Therefore, a logical initial question of him would be whether he had any positions regarding crude...

I'm without question an independent, but if Obama can manage to outspend Bush in the most inefficient methods possible, that'd be quite the accomplishment.

That's a fantastic, intelligent and really compelling response. Your specific reference to the numbers cited in the original article is especially illuminating. The one thing the oil bulls all seem to ignore are that actual numbers involved in the story of the supply/demand situation with...

Whether you agree with him or not, Soros is brilliant. He basically stated today that oil has become an "asset class" that institutional investors have piled into, overwhelmingly on the permanently long side (by renewing contracts rather than letting them expire), and that this has and will...

Ken Fisher thinks Obama will be better for the stock market. He wrote a recent op/ed piece in Baron's directly saying so. I don't take his opinion lightly; he's a master investor, a conservative, and that should give anyone something to think about.

Helicopter Ben will seal the deal.

GM is idiotic. When gas is back to $2, watch them backtrack.

I'll risk some money on LEH at around $2.00 It paid off on BSC.

Damn. That's one nasty looking chart.

Yeah, that's it - keep attack the OP with ad hominem attacks rather than debate his points on their merits. As to you oil bulls, I could claim your arguments are idiotic, as you are all tacitly stating that since oil consumption has increased by 3% on a global basis, each 1% increase in...

To believe that, you'd be stating that every 1% increase in oil consumption has a 33x (33%) unit price increase effect. That's pretty incredulous. Do you believe that? http://www.columbia.edu/itc/sipa/math/slope_linear.html http://www.bized.co.uk/learn/economics/maths/graphs.htm

As the largest consumer of crude oil, and especially, refined gasoline (not as much for crude or distillates, but still the largest), drops in U.S. consumption will have a proportionately large impact on global pricing. Has demand risen from emerging economies? Absolutely. It's been centered...

Only 20%? The U.S. is 2% of the world's population. That one-fifth share of the consumption pie is a pretty large one - larger than any other country - even those, such as China, 10x larger. World oil consumption has grown at 3% a year, yet the price of crude oil has been manipulated up...

Bingo. The reason I'm singling Pickens out is that he, as much as anyone, should know that 'demand' has not and could not explain a doubling in the price of crude in one year and an increase of 42% since December, at a time when WORLD DEMAND IS GROWING AT 3% PER YEAR. Yet Pickens goes on...

There should be criminal trials for anyone that intentionally DISTORTS true data regarding supply and demand of any commodity as necessary for the function or national security and world commerce as oil - Boone Pickens should be the first one strung up from the gallows. I'd volunteer to do the...

Yes. And as a Ron Paul supporter, we break all trade ties with nations that subsidize specific industries or companies, also. No more taxpayer-extracted free lard. Airbus subsidies, Boeing Subsidies, Farmer subsidies, corn (ehtanol) subsidies. That includes are own grossly over-subsidized...

lmao.

I hope the states AND the federal government slash spending by 75%. That would begin to make me happy. Oh, and a flat tax of no more than 10% would be the best recipe for economic growth, too.