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Old 09-23-2008, 11:38 AM   #10
Cuz
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Join Date: Oct 2007
Location: Pensacola
Posts: 375
Default RE: Oil hits $129.00 a barrel

Quote:
DoubleD (9/23/2008)You are absolutely right. Yesterday was the last trading day for the October contract and of course the higher the price the more money some people make. It is a strange coincidence that today with a new contract the price of oil is falling again.
You are right, It's not a supply and demand as per say, it's a wallstreet grab it now attitude and when were rich we won't have to worry tomarrow. Also who do you think owns all the refrineries! The oil companies do. Why would you want to build more and lower your profits by producing more fuel! Funny how when you kind of look from the top down things stick out! I don't know everything but smells like mullet to me!
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