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Default Gasoline prices - another record high


"Harry Krause" wrote in message
. ..
JoeSpareBedroom wrote:
"Harry Krause" wrote in message
...

And, given that demand in recent days has been flat or shrinking, prices
are unlikely to continue upward, Lundberg suggested. "The overall
gasoline supply is not tight," she said.


NOYB says supply is the problem, and that's all I need to hear.

Last week, PBS-TV news interviewed a few futures traders and asked them
how much of the current price was "reality", and how much represented
excess bid into the price by traders. The estimates were from $15 to $25.
Take away the slot machines and the price could be as low as $50. This is
white collar crime at its worst.



Of course he has to say it is a "supply-demand" problem. To think
otherwise is to contemplate "manipulation" of the market by those who take
advantage of uncertainty, warmongering and unrest. Those like...big oil
and its political collaborators.

I've long been in favor of meaningful public oversight of the production,
distribution and pricing of petrol products. We've been getting butt-f'd
by big oil for decades.


I don't think it's the oil companies. It's the Harvard MBAs in the three
piece suits reading tea leaves and playing the numbers game on the stock
market. *These* are the ass***** that should be subject to public
oversight.

Eisboch




 
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