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Thanks Fed for the $124.00 oil
- Thread starter Aaron Copland
- Start date
Thanks for the $134.00 oil. All your rate cuts have done nothing nothing nothing.
30 year still near 6%
30 year still near 6%
Pure speculation, proven in numbers and actors (read it and see the light):
http://seekingalpha.com/article/78264-commodities-prices-speculation-exposed
http://seekingalpha.com/article/78264-commodities-prices-speculation-exposed
All the Saudis had to do is say they will boost output dramatically, which would kill the bullish speculation and this would all be over.
This time they did not. OPEC is challenging America's global position.
They see an impotent Fed, and the impotence of too many Americans STILL believing that if they just leave Iraq (consequently leaving its oil for Iran to control), everything will return to the peach fuzz 90s.
If enough Americans demanded that America should control the flow of Iraq's oil, OPEC would fold.
This time they did not. OPEC is challenging America's global position.
They see an impotent Fed, and the impotence of too many Americans STILL believing that if they just leave Iraq (consequently leaving its oil for Iran to control), everything will return to the peach fuzz 90s.
If enough Americans demanded that America should control the flow of Iraq's oil, OPEC would fold.
Quote from Sam321:
All the Saudis had to do is say they will boost output dramatically, which would kill the bullish speculation and this would all be over.
This time they did not. OPEC is challenging America's global position.
They see an impotent Fed, and the impotence of too many Americans STILL believing that if they just leave Iraq (consequently leaving its oil for Iran to control), everything will return to the peach fuzz 90s.
If enough Americans demanded that America should control the flow of Iraq's oil, OPEC would fold.
It's not OPEC.
Read the link above. It's really worth the time.
If OPEC doubled production, speculators would buy the oil on the market, and lock it up. It would never reach its port, and would never be added to the supply chain.
The banks own the fed, of course the fed is going to look out for them.
the fed is there to bail out the wall street big money.
the public is there to be the dum-dums for wall street to prey upon.
they are not dumb, the simple truth.
And of course its all about speculation.
It's the same 2 bullshit stories rotating depending on price action direction.
If price goes up its suppy worries, nigeria, russia, iran, whatever.
On the few days price goes down it's worries that there is not enough demand.
Demand is down in the US, and China and India together consume %50 of the oil the US does.
the fed is there to bail out the wall street big money.
the public is there to be the dum-dums for wall street to prey upon.
they are not dumb, the simple truth.
And of course its all about speculation.
It's the same 2 bullshit stories rotating depending on price action direction.
If price goes up its suppy worries, nigeria, russia, iran, whatever.
On the few days price goes down it's worries that there is not enough demand.
Demand is down in the US, and China and India together consume %50 of the oil the US does.
Read the report presented to the Senate, and you'll see that there is absolutely no fundamental support for this oil super-spike.
The market is well supplied (oversupplied, in fact).
http://hsgac.senate.gov/public/_files/052008Masters.pdf
The market is well supplied (oversupplied, in fact).
http://hsgac.senate.gov/public/_files/052008Masters.pdf
Quote from ByLoSellHi:
Read the report presented to the Senate, and you'll see that there is absolutely no fundamental support for this oil super-spike.
The market is well supplied (oversupplied, in fact).
http://hsgac.senate.gov/public/_files/052008Masters.pdf
You have asked the question âAre Institutional Investors contributing to food and energy
price inflation?â
And my unequivocal answer is âYES.â
...
In fact, Index Speculators have now stockpiled, via the futures market, the equivalent of
1.1 billion barrels of petroleum, effectively adding eight times as much oil to their own
stockpile as the United States has added to the Strategic Petroleum Reserve over the
last five years
...
the current Wheat futures stockpile of Index Speculators is enough
to supply every American citizen with all the bread, pasta and baked goods they can eat
for the next two years!
-Michael W. Masters, May 20, 2008
wonder when these 'bubbles' will bust?