|
oil ooozing up and price coming down.
On Jun 8, 8:30*am, Wayne.B wrote:
On Mon, 7 Jun 2010 12:37:05 -0700 (PDT), Tim wrote: Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. *over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? There is a big inventory of oil in storage that was bought in the futures market in the hope that prices would rise. *Prices have been stable to down however because of soft demand/economic turmoil. *Now the inventory has to be worked off to avoid long term storage costs. Hey Wayne. When you make it back to Florida is you're boat going to get a fresh undercoating? We don't want that baby to rust in all that salt water, y'know... ?;^ Q |
oil ooozing up and price coming down.
|
oil ooozing up and price coming down.
|
oil ooozing up and price coming down.
On Tue, 8 Jun 2010 07:10:20 -0700 (PDT), Tim
wrote: Hey Wayne. When you make it back to Florida is you're boat going to get a fresh undercoating? We don't want that baby to rust in all that salt water, y'know... Heh, no worries there, very few rust issues with fiberglass and we're only one year into a multi-year (hopefully) bottom job. I was under the boat recently to replace a shaft zinc and the anti-fouling paint seems to be doing well. |
oil ooozing up and price coming down.
"Canuck57" wrote in message ... On 07/06/2010 3:05 PM, nom=de=plume wrote: "Tim" wrote in message ... Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? It's a speculative market. The price isn't simply about supply vs. demand. Only to you because you don't understand it. But that you think you do, well, your arrogance shines. Have another donut. -- Liberalism - a disease of envy, greed, entitlement and KAOS. You're claiming oil prices are purely supply and demand??? Do you really believe this? Never heard of OPEC I guess. |
oil ooozing up and price coming down.
"Canuck57" wrote in message ... On 07/06/2010 1:37 PM, Tim wrote: Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? Economony is double dipping on the down size. The price of oil is a good indicator of how well the economy is doing, $80 barrel is a super mild basis sustaining economy. That we are going back into the depression deeper than before. People don't buy stuff, less trucks and travel develops some slack in the supply chain dropping prices. I have been using it as an indicator for years and it is 100% more accurate than big mouth politicians that could not tell the truth if their life depended on it. -- Liberalism - a disease of envy, greed, entitlement and KAOS. You are just stupid. |
oil ooozing up and price coming down.
"Wayne.B" wrote in message ... On Mon, 7 Jun 2010 12:37:05 -0700 (PDT), Tim wrote: Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? There is a big inventory of oil in storage that was bought in the futures market in the hope that prices would rise. Prices have been stable to down however because of soft demand/economic turmoil. Now the inventory has to be worked off to avoid long term storage costs. Wayne... Canuck doesn't understand "futures market," so perhaps you should tell him again. |
oil ooozing up and price coming down.
On 6/8/2010 1:29 PM, nom=de=plume wrote:
"Canuck57" wrote in message ... On 07/06/2010 1:37 PM, Tim wrote: Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? Economony is double dipping on the down size. The price of oil is a good indicator of how well the economy is doing, $80 barrel is a super mild basis sustaining economy. That we are going back into the depression deeper than before. People don't buy stuff, less trucks and travel develops some slack in the supply chain dropping prices. I have been using it as an indicator for years and it is 100% more accurate than big mouth politicians that could not tell the truth if their life depended on it. -- Liberalism - a disease of envy, greed, entitlement and KAOS. You are just stupid. You are full of surprises. Never in a million years could I imagine you coming out with such a brilliant statement. Well done. Cheers. Kudos. SNERK If assholes were gold, you'd be rich. Ta Ta |
oil ooozing up and price coming down.
"Jeddadiah Smith" wrote in message ... On 6/8/2010 1:29 PM, nom=de=plume wrote: "Canuck57" wrote in message ... On 07/06/2010 1:37 PM, Tim wrote: Soemthign doesn't make sense to me. with all the 'bubblin' crude threatening the gulf of mexico, the price of oil sems to be dropping instead of ging higher. over what, 33million gallons of crude wasted in the water not counting multi billions in damages, you'd think that those millions of gallons of oil being lost out of the world market would cause a rise in price, but it seems the oposite. over the weekend there was an approx. $3.50 drop in crude. Same way as when the Alaskan pipeline was closed. I like the lower pricing for everyne involved especially when I take the boat[s] out, but something is really wierd about the supposed 'price and demand' theory. What gives? Economony is double dipping on the down size. The price of oil is a good indicator of how well the economy is doing, $80 barrel is a super mild basis sustaining economy. That we are going back into the depression deeper than before. People don't buy stuff, less trucks and travel develops some slack in the supply chain dropping prices. I have been using it as an indicator for years and it is 100% more accurate than big mouth politicians that could not tell the truth if their life depended on it. -- Liberalism - a disease of envy, greed, entitlement and KAOS. You are just stupid. You are full of surprises. Never in a million years could I imagine you coming out with such a brilliant statement. Well done. Cheers. Kudos. SNERK If assholes were gold, you'd be rich. Ta Ta "Ta Ta" doubtful. You can't help yourself. |
| All times are GMT +1. The time now is 02:22 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com