"Doug Kanter" wrote in message
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"NOYB" wrote in message
link.net...

"Doug Kanter" wrote in message Prices have
risen as investors bet refiners and producers will struggle to
meet winter demand in the fourth quarter.

Duh! Why do you think demand is increasing? (and it's not just a
one-time quarterly surge) Hint: Is it just US demand?


Duh? "As investors bet....". The key word is "bet". The price hike is not
related to the REALITY OF THE PHYSICAL ASSETS THEMSELVES.


So you're saying that the rise in price has nothing to do with the increase
in demand, and the fact that there is virtually no excess production
available to meet that demand? That if we were rocking along, no increase
in demand, and plenty of excess production, that this big price increase
would still be happening? BS!!

They are able to pull off these big increases *BECAUSE* there is a huge
demand, and everyone wants all the crude they can get, but there's no
excess. If there were less demand, and excess production, there would be
players in the market that would have excess and would be willing to sell it
at a lower price. The price hike is possible BECAUSE of the reality of the
(limited) physical assets.

Supply and demand.

Supply and demand.

Supply and demand.

The supply has been relatively stable. China is the biggest reason for the
increased demand.

Doug, maybe there's a community college around you somewhere that offers an
Economics 101 class.