Brad King

LOL!!!!!!!! I love it!!

Everything is a conspiracy. It seems harder for people to take things for Face Value anymore. Everything has a plot or an Evil villain lurking in the darkness waiting to jump out and screw over the little guy. It's the Dumdacrats fault......or it's the Retardicans or..........Obama's black thats why fuel cost so much..............Sometimes.......it's just as simple as it seems. Gas comes from crude oil, as does Deisel, butane,propane, and many many other things. When less is being produced, the value of the remainder goes UP.

No little fairy on Wall Street, or an evil corrupt politician with his hand on a little red button. The black Panther party doen't have anything to do with it either. Truth be told........the American Consumer is the reason for the financial crisis in America. WE are to blame. Me, you and everyone else.

__________________
Capt. Brad King
South Again Charters LLC
www.southagain.com
captbrad@southagain.com
Inshore/Nearshore Charters

Cuz

By no means am I disagreeing with your point of view, however, when procedures, policies, Prices etc. are set by the very few and this is true espically with oil, electricty, natural gas etc, and situations such as yesterdays big jump in oil, it is hard for me to believe it is not profit driven only! Not supply and demand as you state.

sushi

<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><P class=MsoNormal style="MARGIN: 0in 0in 0pt"><P class=MsoNormal style="MARGIN: 0in 0in 0pt"><P class=MsoNormal style="MARGIN: 0in 0in 0pt">This is how I figure:<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><P class=MsoNormal style="MARGIN: 0in 0in 0pt">Supply and Demand: Let?s say everyone in the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comffice:smarttags" /><st1:country-region w:st="on">US</st1:country-region> wants a PB&amp;J sandwich for dinner every night of the week but all the bakeries in the <st1:country-region w:st="on"><st1lace w:st="on">US</st1lace></st1:country-region> except for two have mysteriously burned down. The remaining two bakeries can only supply a small percent of the bread that consumers demand. The price of bread goes up but the price of flour goes down because there is more flour than the two remaining bread companies need.<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><?xml:namespace prefix = o ns = "urn:schemas-microsoft-comfficeffice" /><o></o><P class=MsoNormal style="MARGIN: 0in 0in 0pt">If one of the largest consumers of oil (the <st1:country-region w:st="on"><st1lace w:st="on">US</st1lace></st1:country-region>) has a significant reduction in the capacity to refine oil (Hurricane Ike) then traditional economics would say that in the short term gas would go up but oil would go down. If you can?t refine it, you don?t need it.<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o></o><P class=MsoNormal style="MARGIN: 0in 0in 0pt">When stocks go crazy investment companies with billions in assets buy commodities and drive prices up. I admit that I do not fully understand the oil industry but the way prices fluctuate daily on news of oil field workers in <st1:country-region w:st="on"><st1lace w:st="on">Nigeria</st1lace></st1:country-region> being kidnapped to the stock piles being slight higher or lower than expected is based on speculation. That?s why it?s called the futures market.<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o></o><P class=MsoNormal style="MARGIN: 0in 0in 0pt">If you have any real insight, other than it is affected by many thing, please enlighten us. We are here to learn. <P class=MsoNormal style="MARGIN: 0in 0in 0pt">

Brad King

I was trying to offer a different point of view. Obviously it didn't help. I work in Oil and understand the cost. But with the Sky falling and all I can understand your opinion. Sorry I tried to help.

__________________
Capt. Brad King
South Again Charters LLC
www.southagain.com
captbrad@southagain.com
Inshore/Nearshore Charters

DoubleD

Brad,

I don't think anyone is trying to bash your point of view but when the price of oil goes up $25 in one day at the end of the contract period and the explination is that the dollar has dropped by a penny and investors are running to oil because it is cheaper. Oil is $24 dollars off of yesterdays peak on a new contract. It is hard to imagine that supply and demand is the only driver. I don'tthink that there is a big "consperacy" but I do think that these huge price swings are indicitive of a broken system. There is no doubt that oil is a finite resource that will some day have demand exceedingsupply but for people to be able to drive up prices based on predictions and rumors is a little assinine for a commodity that effects national security.