Collapse in Oil prices, how?

wow,

some good points were attempted at being made,

I appreciate the agreement by the commentator regarding the devalued worth of CNBC

The focus of the thread is not wishful thinking, or bashing hedge funds (in general, a pretty nimble bunch)

but on the support that this Oil Administration provides as a prop to these abuses which under previous years would be considered un-American conduct. Everyone's food, services, municipal, state, federal and non-profit services are being crippled if not irreversibly hurt by having allowed these oil barrons to profit at the behest of so few against the entire populace.

S. Arabia and the other major producers continue to be astonished with this speculative unchecked raising of the prices and these bafoons on these financial TV shows adding their tacit support for the higher prices as if it were news worthy reporting. All these events create such an updraft that this Oil Administration refuses to check.

It has been stated many times that Bush Sr. uses the SPR to prevent these very same conditions from occurring during his presidency, yet this one will not, and we all hurt as a result of this. Who profits?

Who?

Either way, through depression era collapse or through administrative intervention, there will be a collapse in oil prices of a significant nature in short order. This can not continue.
 
Oil prices will go down when either OPEC initiates a series of production hikes, or the Iraq/Iran situation goes away after Bush leaves.

Reasons for oil spikes:

Yom Kippur War
Iran Iraq War
Iraq War I (Gulf War)
Iraq War II


Note: peak oil not mentioned.
 
Quote from PAPA ROACH:

You don't have to sell ICE futures to take a profit, it is cash settled and the easy way to manipulate a market. NYMEX follows ICE (arb) as ICE is the premier, no regulations and no CFTC yet.
More...

and so there is simple and clear solution - you must not trade on margin at all - all comodities trading must be 100% cash based


it would be interesting to see oil 50% down in one day
 
Quote from dividend:


Yom Kippur War
Iran Iraq War
Iraq War I (Gulf War)
Iraq War II
More...

plus

artificial Anglo-Saxon backed 73 OPEC oil crisis.

Guess what, USA was always involved to these crisis in some way, always.

So please guys stop whining about high oil price. It's for USA's benefit. Whenever USA goes a monetary crisis, USA exports that crisis by the help of it's military force to the rest of the world. High oil price leads to an artificial demand for dollar. If oil goes down to 30$ today, dollar will collapse to the hell low levels.
 
just a question, why do you care about oil trading at $100?

Is it purely ideologically motivated on the back of what you believe is price manipulation

or

are you short oil?

:confused:
 
Quote from limitdown:

Removal of the supports underneath these artificially manipulated (oh, was I redundant there?) prices....


Chairman of JetBlue was commenting (on that horribly biased CNBC news channel - not worth watching) that its more than a joke what has been allowed to happen in this incredible country.

The US refuses to challenge these hedge funds and those rich contributors from influencing to their gain, these maniuplations against all citizens. Without a formal and public energy policy, these abuses will continue to run rampant as long as this Oil Administration is in power.
More...

Sounds like he's a bit bitter that he doesn't have much of his fuel hedged nor has he over the past couple years...Are the funds going to be blamed when they push crude down $25/BBL or more? Sour grapes...
 
petrotrader and alexander -- good questions and comments,


Crammer of the famous Kim Crammer Trading Clan, and others are also trumpeting the same things.....

in action on the part of the Bush Administration in allowing these excesses to occur...

in action on the part of the Federal Reserve in keeping their academic views to the fore instead of realistic views and actions....

also, fellow traders, if people in this country can no longer afford (just about everything..., oil, food, rent, mortgages, etc.), then what makes you think you will keep what you have, let alone have somewhere to live?, let alone be able to just just trade?

collapse is what is upon us now and so too what all these contributing factors have added to this equation...

Un-American activities.....

we are all suffering.....
 
another way to remove the speculative excesses is to restrict trading to hedgers only or make the spec side so expensive with huge margins per contract that they severly limit their impact.

they did this with equity trading by instituting the PDT rule on stocks (you know $25,000 balance for more than 4 trades in a seven day period or five business day period)

one thing is certain, we're going to coin a new term: "dry tank"....
 
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