Bush cannot control prices...

Quote from james_bond_3rd:

It's a pretty stupid thread, but...

Is there a conpiracy to keep the oil price low before the election? No.

Are some of the global players playing games with the oil price in an effort to influence the election? Definitely.

Let's look at what could these players do.

1. US government stopped buy for the strategic reserve a few months ago. This is not a huge amount but in a tight market this can have an impact.

2. Saudi's have been pumping near its full capacity to keep the price down - they have an incentive to keep GOP in power.

3. Big Oil also have an incentive to help the GOP. They don't have to collude to manipulate the oil price. They may individually schedule the timing of their market hedges - say, instead of stagger the hedges as they normally do, they could move some of next year's hedges to this year. Again, in a tight market, just a little change can make a big difference.

They do not have to coordinate this or do it together. But certainly these players have an interest in keeping the GOP in power, and have the means to do it.

If you believe this, as I do, long oil and short the stock before the election day.
More...

And you have proof of this? How do you know WHY they stopped the SOR buying?

How do you know the Suadi's just aren't trying to take advantage of higher prices? They are headed lower, so why not try to sell as much as possible at higher levels?
If you do a little research you will see that this is the very reason OPEC has had little effect in setting production quotas......greed.

And the Bid Bad Oil Co's! Is that why they have increased their campaign contributions to Dems? You really think they give a shit who's in power? If Congress does raise taxes on Big Oil, it will be you and me paying, not Big Oil.

Are you sure you're a professor? Why don't you post your CV?
 
First of all,

That previous is not my post.

Second:

BS Econ, Univ of Utah. Summa cum laude. #.9.

Grad School: Thunferbird.
# 1 on Earth for this degree.

10 years ago, FUCK OFF
 
Jayford,

You and I are in agreement. That post of mine was directed at Mr Bond. Why did you think my post, where I quoted Mr Bond, was directed at you? :confused:

PS. Have you been drinking?:D
 
Quote from Arnie:

Are you sure you're a professor? Why don't you post your CV?
More...

I must have touched some nerves. Why are you so angry?

BTW, hapaboy called me a professor, for whatever reason. There is no reason for me to confirm or deny it. This is not a job board, why would I post my CV?
 
Quote from Arnie:

Jayford,

You and I are in agreement. That post of mine was directed at Mr Bond. Why did you think my post, where I quoted Mr Bond, was directed at you? :confused:

PS. Have you been drinking?:D
More...

What?
 
Quote from Jayford:

We need to get away from God and spending!
More...
How about staying away from higher taxes, pacifist foreign policies, emasculating domestic terrorism safeguards, and wacko judges, among other items?
 
You must log in or register to reply here.
Back
Top