View Single Post
  #5   Report Post  
posted to rec.boats
Canuck57[_9_] Canuck57[_9_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default At least half the jump in oil prices due to non-user speculators

On 08/03/2012 4:41 PM, X ` Man wrote:
Have Oil Speculators Already Priced In War With Iran?
By Matthew Philips on March 07, 2012


The last time the price of Brent crude closed below $100 a barrel was
Oct. 6, 2011. It’s since gone up nearly 30 percent, to a high of $126.20
on March 1. Tensions over Iran’s nuclear program have people spooked
that a potential attack would disrupt the country’s 2.2 million barrels
of daily oil exports. And so money has been pouring into oil futures
contracts, driving up the price without any significant change in the
underlying supply-and-demand fundamentals. Only the threat of one.

So who’s buying?


Actually, Iran isn't refusing to ship oil for a fair price.

USA has made it illegal to pay Iran a fair price. Why should Iran ship
oil to countries unable and unwilling to pay in a currency they can use?

On this subject I hear 0bnama's rant, but his feet go another direction.
Just looking to provoke a war to save his political-economic ass.
--
Corrupt USA, Euro Bank and Military Regime, funding both sides of
terrorism for profit and debt-tax slavery.