On Sat, 29 Mar 2008 23:43:27 GMT, "JoeSpareBedroom"
wrote:


Where are the insane price swings, based on news like "....rose $2 a barrel
on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo, Brazil.

Ever hear of "milk"? Check out the futures charts on "milk."
he http://futures.tradingcharts.com/chart/DA/58
Wild swings!
There were probably reports of "mad cow," "possible milk virus,"
"Wisconsin heifers hunker down for expected savage winter"
influencing the swings, as well as the normal FDA production reports.
Why weren't you complaining?
Yeah, I know. Oil is more important, and now influences the price
of everything. But it is subject to the same supply/demand forces as
milk.

Here's an oil chart: http://futures.tradingcharts.com/chart/BC/58
Smooth as a baby's ass.
So I guess that takes care of you.
Here's the thing, Joe. A futures contract is simply betting where the
market price will be when the contract comes due.
You're paying what you're paying for oil products because you're
willing to pay what they are charging.
THAT'S WHAT DETERMINES THE PRICE!
Same as me paying outrageous prices for milk and Cheerios.
Here's the oats: http://futures.tradingcharts.com/chart/OA/58
Wilder than oil!
Now, we can get more cows on line, and plant more oats in response to
high prices.
Can't make more oil. Just can't.
Mad Max is coming!
If he comes here, I'll feed him some Cheerios. My wife found a
"source" and I have a couple cases tucked away here.
No, not interested in selling any, in you were thinking about asking.
Hey, what do you know about canoes?
Maybe that's the way to go. With outriggers.

--Vic