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oil ooozing up and price coming down.
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? |
oil ooozing up and price coming down.
"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. |
oil ooozing up and price coming down.
|
oil ooozing up and price coming down.
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? It is just signalling a slowdown in the economy. The folks in that area north of Atlanta where we were, were complaining that the season was starting out slow for them and I know things were slower than normal at Busch Gardens the week after school let out. I suspect dad is either not working, working for less money or can't afford to take time off. I was really surprised at the lack of boat traffic in the Clearwater Pass Inlet Saturday. Usually that is very busy. I am planning a trip to Northern Vancouver Island this summer. The guides are crying the blues. their long time customers seem to be booking, but no fresh faces. Happy to see a person from out of the area helping their economy. |
oil ooozing up and price coming down.
"Califbill" wrote in message m... 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? It is just signalling a slowdown in the economy. The folks in that area north of Atlanta where we were, were complaining that the season was starting out slow for them and I know things were slower than normal at Busch Gardens the week after school let out. I suspect dad is either not working, working for less money or can't afford to take time off. I was really surprised at the lack of boat traffic in the Clearwater Pass Inlet Saturday. Usually that is very busy. I am planning a trip to Northern Vancouver Island this summer. The guides are crying the blues. their long time customers seem to be booking, but no fresh faces. Happy to see a person from out of the area helping their economy. Yeah....well they haven't met you yet! |
oil ooozing up and price coming down.
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. |
oil ooozing up and price coming down.
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. |
oil ooozing up and price coming down.
|
oil ooozing up and price coming down.
On 08/06/2010 12:04 AM, Califbill wrote:
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? It is just signalling a slowdown in the economy. The folks in that area north of Atlanta where we were, were complaining that the season was starting out slow for them and I know things were slower than normal at Busch Gardens the week after school let out. I suspect dad is either not working, working for less money or can't afford to take time off. I was really surprised at the lack of boat traffic in the Clearwater Pass Inlet Saturday. Usually that is very busy. I am planning a trip to Northern Vancouver Island this summer. The guides are crying the blues. their long time customers seem to be booking, but no fresh faces. Happy to see a person from out of the area helping their economy. Be careful and attend your car on the ferry, park in highly visible areas. A new rage on the island is to key up a out of province plat or minority. In my case, out of province plates. $150 to polish out. Real PITA. But when I was there, tourist traffic was a mere small fraction of what it normally is. Some places are jacking prices on stiff like gas, not enough volume I suspect. We did Parkdale, Comox, Courtney, Qualicom, Alberni area. Didn't come close to Victoria. -- Liberalism - a disease of envy, greed, entitlement and KAOS. |
oil ooozing up and price coming down.
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. |
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