Is it the "price of gas, stupid"?
- Thread starter Tsing Tao
- Start date
Quote from Tsing Tao:
Just some? Alright, I guess we'll have to agree to disagree.
I need to head out for the day, thanks for your "open" minded conversation.
Your own chart shows gigantic divergences between crude and gasoline. Did you read your own chart?
Good Lord, that chart is mean reversion tradeable!
The Saudi's are running out of oil, their supply has peaked. They can see that they might as well cut back on it while we are working towards going after the really expensive stuff, they might as well cash in on the situation... also, they might have thought that Democrats would mean less wars but Obama stood by wringing his hands while the Military totally screwed with Ghadafi utterly illegally..
Where are all those anti-war assholes when Democrats are in power? I recall how they used to post a hundred insults a day here on ET when Bush was in the WH...
Where are all those anti-war assholes when Democrats are in power? I recall how they used to post a hundred insults a day here on ET when Bush was in the WH...
There is always speculation in the oil price, as there is in any commodity. So what? There was speculation 20 years ago, too. That doesn't explain why oil is higher now than it was then.
Speculators always get blamed when the price of a commodity goes up, they never get credited when the price of a commodity goes down, even though you'll find as many speculators on the short side as on the long side. It seems that a major social function of speculators is to serve as whipping boys for the political class when oil or food gets expensive for reasons that are either nobody's fault or are due to bad policies by the politicians.