"JoeSpareBedroom" wrote in message
...
"Jack Goff" wrote in message
...
On Tue, 01 Aug 2006 15:59:45 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
...

So now the US is an island, insulated from the rest of the world?
Everyone else is "irrelevant"? Really?

So the price is 25 - 35% "trading excess" (cite?), which is the
futures traders as you've said before, right? But then the oil
companies are to blame for the price, not the traders. Uh huh.

CITE: It was provided earlier in this discussion. Use your search feature
to
find the first message containing "PBS", and read forward from there.

Nope. There was some discussion about some talking heads on PBS, but
there is no cite with solid facts on your 25-35%, because that doesn't
exist.


These were not "talking heads". These were commodities brokers who live
with the numbers all day long. If the barrel price jumps X amount in one
day, and they see absolutely NOTHING to cause it, other than amateurs
bidding up the price, then what they've pointed out is quite conclusive.

You would do well to use stocks as an analogy. The price often has
absolutely NOTHING to do with financial reality. Company "A" announces a
shaky quarter, and stocks in 100 unrelated companies take a 3 day
nosedive. Oil's even worse. Day #1, a mosque is blown to pieces in
Baghdad, and up goes the price of oil. 7 days later, another mosque is
destroyed, and nothing happens to oil because attention is elsewhere -
maybe the World Series.

All wrong. Oh, and go find your own cites. I'm not your research
assistant. If you'd like to wallow in ignorance, that's your decision.


In the amounts of money being traded in oil futures, any "amateurs" are
quickly weeded out! They are George Soro, et al, and since he has made a
couple billion trading money futures, enough that he can generate the moves
he wants now,