On Thu, 10 Mar 2011 10:21:39 -0800, wrote:

On Thu, 10 Mar 2011 08:07:39 -0500, BAR wrote:

In article ,
says...

On Wed, 09 Mar 2011 18:20:15 -0800, jps wrote:

On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B
wrote:

On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote:

Supplies have been going up since the start of the year, and so is the
price. That's nothing to do with supply/demand but speculation.

Who owns those supplies and why did they build their inventories?
You might be surprised to learn that the motives might have more to do
with availability than price. If so, that's commendable . No one
wants to be caught short or stuck in lines at the station. In any
case, building inventories is a self limiting process because there is
only so much capacity.

You mean there's only so much storage capacity. Wasn't Morgan Stanley
manipulating some commodity a couple of years ago by purchasing and
storing it's own supplies?

How's that fit your model? Pure freaking speculation.

I just heard on the news tonight that oil future contracts have gone
from 600,000 in 2008 to over 1,100,000 today. $200 billion dollars
has come into that market over the last few years, all speculative.

The Obama administration is going to put limits on positions, which
should help curtail the profiteering.

There has never been as much reserve and stable demand. Fuel prices
are being driven somewhat by world news but certainly by speculation.

You haven't got a clue about the oil market have you?

Corporations that manufacture items are purchasing futures contracts on
oil all of the time. The need the oil in their manufacturing processes
and they are always looking to buy it at the lowest price available. So,
it isn't only speculators who are in the oil futures market.

Oil is a commodity it is going to be traded as a commodity. The ability
to deliver the commodity is the speculation.

JPS you are a dumb ass.


http://www.globalresearch.ca/index.p...xt=va&aid=8878

Oil speculation is worth 60% of the price...

As a result of the artificial oil market, the average price per barrel
of crude oil increased from $31.61 in July 2004 to $137.11 in July
2008 [source: DOE].

Bertie Poop. Clueless as art. Bad art.