That idiot O'Reilly

[TSR]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

 

[hypocritexposer]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

profits from speculation are dependent on future supply and demand.

obama has enabled the speculators to profit, by increasing future demand, while cutting future supply

Kind of a chicken or egg type of thing.

do some reading on cause and effect

 

[redrobin]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

Glad you finally learned something. Cattle on feed report comes out tomorrow. I suspect the number of cattle on feed will be down substantially which will likely increase speculation that supply is going to shrink. There are those that trade the board that will be long in a speculative position but it's the outside factors that drive their speculation.

 

[Tam]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

Why is it so hard for some to realize when you limit supply like Obama is doing by limiting/cutting/slashing drilling permits, people are going to be smart enough to see a future shortage that is going to force prices up. When that happens those people are also smart enough to see it as a opportunity to profit. The more that see that opportunity the higher the price of a barrel of oil due to competition for a LIMITED COMMODITY :roll:

If there was a strong supply of domestic oil that can not be affected by wars in the Middle East, the Speculators would not see the opportunity to profit off of skyrocketing gas prices. In other words if Obama wants to see a drop in gas prices all he needs to do is start issuing drilling permits and OK a pipeline that will feed the US with Friendly oil verses middle east terrorist oil. Lots of friendly oil in the system stops speculation as there will not be the potential for hugh profits by those betting on a shortage forcing prices up. :roll:

 

[Faster horses]

Good job, Tam. Very well said!

 

[Tam]

Good job, Tam. Very well said!

Too bad the jackazz in the White House and all his supporters don't understand SIMPLE SUPPLY AND DEMAND. You limit supply like Mr Incompetent is doing and people are going to take avantage of the opportunity to profit like the speculators are doing. It would not surprise me one bit to hear Obama and DOE Sec Chu are oil speculators. It would fit right into the MO of this corrupt Administration.

 

[TSR]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

Why is it so hard for some to realize when you limit supply like Obama is doing by limiting/cutting/slashing drilling permits, people are going to be smart enough to see a future shortage that is going to force prices up. When that happens those people are also smart enough to see it as a opportunity to profit. The more that see that opportunity the higher the price of a barrel of oil due to competition for a LIMITED COMMODITY :roll:

If there was a strong supply of domestic oil that can not be affected by wars in the Middle East, the Speculators would not see the opportunity to profit off of skyrocketing gas prices. In other words if Obama wants to see a drop in gas prices all he needs to do is start issuing drilling permits and OK a pipeline that will feed the US with Friendly oil verses middle east terrorist oil. Lots of friendly oil in the system stops speculation as there will not be the potential for hugh profits by those betting on a shortage forcing prices up. :roll:

So you are saying there is speculation???? Next question, when that oil from Canada reaches TX via the pipeline, will it stay in the US (and if so why doesn't the GOP give us an estimate of the lower prices it will bring about as this would put tremendous stress on the Dems) or will it be put on the world market by the refiners/big oil companies?? My understanding is that in recent months the US has been exporting petroleum due to the mild winter in the US. What?? exporting, does that mean we have an over supply?? Since most, at least it seems her on Rnet, think the price of oil is simple supply and demand, are you saying the US can flood the market with enough oil to lower the world price??? Golly, just how much EASILY extractable oil do we have?? Finally, Friendly oil stops speculation???? Thats good to know :shock:

 

[Steve]

In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent

Traders took a look at a feisty and aggressive George Bush and started selling the market well before a single new drop of oil has been lifted. What does this tell us? Well, if Congress moves to seal the deal, oil prices will probably keep on falling. That's the way traders work. They discount the future. Psychology and expectations can turn on a dime.

We've seen the price of oil drop more than $10 over the last two days.

On Monday, Bush lifted the legislative ban on offshore drilling when he gave his speech on the White House lawn.

why a drop.. expectations of future supply increases.. with three years of Obama restricting any oil/gas initiative, no speculator on the floor today expects future supplies to increase..

 

[Steve]

Glad you explained that, Thanks.

Also I have learned that everyone that thinks speculation plays a part in oil prices is an idiot. Man, you can learn so much on the internet. Just think what the future holds for all us internet users. :???:

Why is it so hard for some to realize when you limit supply like Obama is doing by limiting/cutting/slashing drilling permits, people are going to be smart enough to see a future shortage that is going to force prices up. When that happens those people are also smart enough to see it as a opportunity to profit. The more that see that opportunity the higher the price of a barrel of oil due to competition for a LIMITED COMMODITY :roll:

If there was a strong supply of domestic oil that can not be affected by wars in the Middle East, the Speculators would not see the opportunity to profit off of skyrocketing gas prices. In other words if Obama wants to see a drop in gas prices all he needs to do is start issuing drilling permits and OK a pipeline that will feed the US with Friendly oil verses middle east terrorist oil. Lots of friendly oil in the system stops speculation as there will not be the potential for hugh profits by those betting on a shortage forcing prices up. :roll:

So you are saying there is speculation???? Next question, when that oil from Canada reaches TX via the pipeline, will it stay in the US (and if so why doesn't the GOP give us an estimate of the lower prices it will bring about as this would put tremendous stress on the Dems) or will it be put on the world market by the refiners/big oil companies?? My understanding is that in recent months the US has been exporting petroleum due to the mild winter in the US. What?? exporting, does that mean we have an over supply?? Since most, at least it seems her on Rnet, think the price of oil is simple supply and demand, are you saying the US can flood the market with enough oil to lower the world price??? Golly, just how much EASILY extractable oil do we have?? Finally, Friendly oil stops speculation???? Thats good to know :shock:

right now with decreased demand we are idling /shuttering refineries..

there is not much of a point to import overseas crude to refine it and a marginal loss and then have to export it..

with increased US/Canadian crude.gas production the refineries could operate at a profit and export the excess.. non US useable crude products..

when refineries are running near capacity,.. costs drop marginally and we see a minor decrease in rack prices..

with our recent increased natural gas /crude production.. many have seen lower natural gas costs..

we could shift more transportation to CNG hybrids and eventually export more crude.. again.. creating jobs.. and lowering costs..

 

[Tam]

with our recent increased natural gas /crude production.. many have seen lower natural gas costs..

Gee lower prices do to an increase in Production what a noval idea. But how long will that be if Obama gets his way and the Federal government starts limiting Natural gas drilling to force prices up to encourage GREEN energy sources like those his Campaign donors are invested in?

The price of gas is being forced up because Obama's Energy Sec. wants to see gas prices as high as they are in Europe. Which will, in their minds, force people to buy their battery operated cars that need gas after the first 25 miles. :roll: So people will still be going bankrupt trying to buy gas for these over priced Obamamobiles. :roll: Maybe if the gas prices don't convince people to buy a Chev Volt, Obama can just mandate everyone buy one to save the enviroment from the effects of carbon emissions. For those that can't afford one he can just mandate their employers provide them with one FREE OF CHARGE. Seems to work for healthcare issues why not enviromental greenie issues? :roll: