This QE really drove these oil prices
- Thread starter wildchild
- Start date
Yeah? So I don't respond to you and piezoe when you post replies to me late at night - I prefer to spend my time at home with my family and such, not online. When I come in during the morning, I answer all the posts you guys made to me.
Since you're so keen on keeping track, in this thread I've replied to you 5 times (after this one) and you replied to me 4 times. Such disparity!
Perhaps the forum engine tracks whenever a quote is copied from another thread. Because in my response to piezoe, I had quoted you as well.
Either way, keep on monitoring it!
Damn, oil is down again. I wish the Fed would stop making those dovish, loose money statements!
Oil Declines as Analysts Say Global Supply Glut to Linger
By Mark Shenk and Moming Zhou Jan 8, 2015 12:24 PM MT
Oil headed for the lowest level in more than five years as analysts said a global supply glut will linger through the first half of 2015.
Crude has dropped by more than half since June as U.S. output surged and the Organization of Petroleum Exporting Countries decided to maintain its production ceiling. Saudi Arabia won’t cut its output, though producers outside the group are welcome to do so, Ali Al-Naimi, that country’s oil minister, said at a conference in Abu Dhabi last month. Today’s decline accelerated as the dollar strengthened.
“The Saudis are providing no support for the market,” Helima Croft, chief commodities strategist at RBC Capital in New York, said by phone. “It looks like they will let prices continue to fall, taking as much non-OPEC production offline as possible.”
Oil Declines as Analysts Say Global Supply Glut to Linger
By Mark Shenk and Moming Zhou Jan 8, 2015 12:24 PM MT
Oil headed for the lowest level in more than five years as analysts said a global supply glut will linger through the first half of 2015.
Crude has dropped by more than half since June as U.S. output surged and the Organization of Petroleum Exporting Countries decided to maintain its production ceiling. Saudi Arabia won’t cut its output, though producers outside the group are welcome to do so, Ali Al-Naimi, that country’s oil minister, said at a conference in Abu Dhabi last month. Today’s decline accelerated as the dollar strengthened.
“The Saudis are providing no support for the market,” Helima Croft, chief commodities strategist at RBC Capital in New York, said by phone. “It looks like they will let prices continue to fall, taking as much non-OPEC production offline as possible.”
Apparently, people have forgotten all about Internet Explorer and Netscape.
David Stockman: Energy Crunch Will Morph Into a Replay of the Housing Crash
Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Finance/energy-Stockman-housing-bubble/2014/12/17/id/613608/#ixzz3OGNg8TMw
"According to Stockman, the Fed-driven energy distortion crossed national borders, and into the willing hands of other central banks, as the "Fed exported bubble finance to the entire world."
Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Finance/energy-Stockman-housing-bubble/2014/12/17/id/613608/#ixzz3OGNg8TMw
"According to Stockman, the Fed-driven energy distortion crossed national borders, and into the willing hands of other central banks, as the "Fed exported bubble finance to the entire world."
Crude Oil's Collapse Is a Consequence of the Fed-Induced Bubble
"NEW YORK (TheStreet) -- Easy money policies of the Federal Reserve create asset bubbles, including the crude oil bubble which inflated from $49.90 in January 2007 to the all-time intraday high at $147.27 in July 2008.
The Federal Reserve first cut the federal funds rate in October 2007 which helped fuel this Fed-induced bubble as speculators and money managers forced oil prices higher on investment demand, not consumer demand."
http://www.thestreet.com/story/1294...is-a-consequence-of-a-fed-induced-bubble.html
"NEW YORK (TheStreet) -- Easy money policies of the Federal Reserve create asset bubbles, including the crude oil bubble which inflated from $49.90 in January 2007 to the all-time intraday high at $147.27 in July 2008.
The Federal Reserve first cut the federal funds rate in October 2007 which helped fuel this Fed-induced bubble as speculators and money managers forced oil prices higher on investment demand, not consumer demand."
http://www.thestreet.com/story/1294...is-a-consequence-of-a-fed-induced-bubble.html
As usual, you fail to see that you're actually proving my point. The fact that crude can move up and down like that in huge swings has to do with speculation, not supply. Keep trying though. You'll eventually get the idea.
Mmmm . . . the economy pumping, crude tanking and inflation still low. Maybe Piezoe will write an article.
I'll just say ''Good Job Mr President , and thank you''
I'll just say ''Good Job Mr President , and thank you''
of course 2 of those 3 things are bad misinterpretations of some slanted or meaningless data.
the cost of food and living was close to the tipping point.
there is very little real growth or move up opportunity in the economy and crude is getting crushed... which would not be happening if there were real economic growth going on here... which would then be exported to the rest of the world.
So yeah you can say good job mr. president by sabotaging our underlying economy and good jobs with tax hikes, obamacare and now cheap imported labor.
the cost of food and living was close to the tipping point.
there is very little real growth or move up opportunity in the economy and crude is getting crushed... which would not be happening if there were real economic growth going on here... which would then be exported to the rest of the world.
So yeah you can say good job mr. president by sabotaging our underlying economy and good jobs with tax hikes, obamacare and now cheap imported labor.