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Jack Goff Jack Goff is offline
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First recorded activity by BoatBanter: Jul 2006
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Default Gasoline prices - another record high

On Tue, 25 Jul 2006 16:42:20 GMT, "JoeSpareBedroom"
wrote:

"NOYB" wrote in message
ink.net...
But none of this has anything to do with that awful subject...politics.

Right?


If you watch CNBC, you'll learn that oil prices are directly proportional
to the number of Israeli soldiers taken hostage by radical Islamists.

Today's headline:
"Oil Prices fall on rumors Israeli soldiers have been released" (CNBC)



It's not always that simple. On the PBS news show I mentioned earlier, the
futures trader had a graph of price changes going back a month or two, and
labels indicating news events that either caused price changes, or didn't.
In some cases, there were events that really should've caused spikes, but
nothing happened. And, events which had no imaginable impact on oil produced
jumps. This is the investor stupidity I pointed out a few days back, which
Bertie got so inflamed about.


Hmm... maybe the events the "futures trader" chose to put on his graph
had little, or nothing, to do with the changes in the oil prices.