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Eisboch wrote:
"Eisboch" wrote in message ... To briefly interrupt the mud slinging and insults, here's an interesting take on oil prices: http://tinyurl.com/6a69xm or http://seekingalpha.com/article/1006...le_lb_articles Eisboch For some reason, the tinyurl doesn't work. Use the full URL. Eisboch Thanks...I read through your URL and found it interesting, if amusing. Nothing in it "unconvinced" me that the supplies and prices of oil generally have anything to do with anything but speculation and manipulation. Obviously, a severe storm in the Gulf of Mexico may have a short-term impact on supply, but beyond those sorts of catastrophic events, supply and prices are the result of a bunch of guys "fixing" the race. If the price drops sharply, as it has recently, it is because "Big Oil" and their buddies in Saudia Arabia have decided it should for any number of reasons, sometimes even "political." Oil pricing is a fraud. We just fall for it, that's all. |
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