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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by PeteEU View Post
    HAHHAHHAHHAHA, free market in the oil market.. you have got to be smoking some great weed Grant. Speculation is driving the oil price, pure and simple, and the free market for oil prices went poof a very very long time ago.
    Speculation is an integral part of the free market system, and is used for a variety of commodities. We buy and sell everything, including our labor, with the intention of making a profit. Speculation, as your referring to it, allows the producers to get an advance price on their products and then they will grow it, mine it, or whatever, secure in the knowledge that they'll have a firm price when the job is done and the product delivered.

    It's really hard to believe that these common transactions have to be explained.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    That is only a feasible idea for idiots that have no comprehension that world oil production peaked in 2006 while world demand continued to grow. See the warning a year ago from the U.S Military.
    Nice broken record but it does little to justify the doubling of price under Obama.

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    Re: Oil rises above $90 amid US crude supply drop




    Watch this over and over again until it sinks in people....This is planned.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post



    Watch this over and over again until it sinks in people....This is planned.


    j-mac
    Obama's way of taxing middle America.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post

    Watch this over and over again until it sinks in people....This is planned.
    j-mac
    Bankrupting the United States always seemed to have a deliberate feel to it, that nobody could carry out such policies unless they were deliberately trying to destroy the country. Perhaps that's a conspiracy theory too far, but it's hard to believe that this was done through ignorance.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Nice broken record but it does little to justify the doubling of price under Obama.
    That's what happens when approaching world peak oil. See last year's statement from the US Military when they warned we were approaching peak oil.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Grant View Post
    All he has to do is tell the oil producers that he will allow them to drill for oil anywhere in the America, ANWR for example, and the speculators will start speculating that oil prices will come down.
    Speculators are smart enough to know that drilling the small amount of oil in ANWR would have negligble effect on world prices, and Obama didn't stop it. Congress stopped it. McCain voted against it when it came up for a vote last year.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Nice broken record but it does little to justify the doubling of price under Obama.
    Do you believe in capitalism and the market setting the price?
    One Tin Soldier Walked Away..................

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    That's what happens when approaching world peak oil. See last year's statement from the US Military when they warned we were approaching peak oil.
    Yeah yeah you are a broken record. Notice when ever Obama is in campaign mode he talks about drilling.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by shintao View Post
    Do you believe in capitalism and the market setting the price?
    When it comes to oil the industry can set it by causing less supply. We need to stop the subsidies and get rid of ethanol

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