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.