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#21
posted to rec.boats
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Dont tap the SPR
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. |
#22
posted to rec.boats
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Dont tap the SPR
On Mar 10, 1:05*am, jps wrote:
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. Speculation. That is what Wayne has been saying. I am glad you are finally catching up. |
#23
posted to rec.boats
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Dont tap the SPR
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#24
posted to rec.boats
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Dont tap the SPR
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#25
posted to rec.boats
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Dont tap the SPR
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]. |
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