Doug Kanter wrote:

"Jack Goff" wrote in message
om...


For the last time, where is this "demand growth" coming from?

Class is out.


The price is not connected with the physical reality of the supply. It is
being determined by traders who bet on things that have not happened yet. Do
you understand the futures market? Do you know what it is?

Zzzzzzzzzz...........



Spot price. Future obligations. Best sweet crude. Futures, puts
and options. Hedges. Speculation. Paranoia, panic, psychosis. News
hounds. Too much coke.

Canada has 1/3 of the world's reserves, hardly scratched. Tar sand
is profitable at 35$ / bbl, but no one can be bothered to invest in
refineries or new wells, YET!

You figure it out.

Terry K