Grady White 20 Overnighter

225 Ocean Pro

named: Head Turner

PFF Softball Coach

aka RYAN

17 Cape Horn ( no name yet)

245 Four Winns GILLS GONE WILD

I agree with you. The problem is that the commodity traders are running up the price of oil, while depressing the prices of precious and base metals.

In the early 80's when oil hit a high of $35.00, gold hit a high of $850 an ounce.

Today, gold is only about $890 oz, it should be three times that price given today's oil price, but it's not.

www.ncoal.com

It's not the Democrats doing this, it's the commodity traders manipulating the price of oil.

www.ncoal.com

 So REALLY if you looked at from a different point of view. The Evil Evil Government actually did you a favor today by not allowing 7 more operating units to come off line, which would have easily pushed the cost "per barell" up over $160

 Just my .02 cents, feel free to fire away

-------------------------------------------------------------------------------                                                       

2101 Century Bay / 150 Yamaha - Team "Reel Gooder"

2700 Triton / Twin 225 Mercury Optimax - Team "Over the Edge"

Emerald Coast Custom Rods

If you don't have the capacity to refine it the price of oil should go down.  Why would you want to buy oil when you can't make gasoline to sell.  They price is driven up by speculators that are pulling money out of the unstable stock market and  buying commodities.  It's our money (retirement funds, 401K, ect...) that they are doing it with.  All I know for sure is that my savings are disappearing and the cost of living is sky rocketing and some SOB on Wall Street is getting paid hundreds of millions of dollars a year to make that happen.

 How do you figure? Simple supply and demand situation. The demand is still high, the supply is low. There fore the price of the commodity goes up. i think the only "Speculating" going on is people not understanding the industry and how the prices are effected by many things.

-------------------------------------------------------------------------------                                                       

2101 Century Bay / 150 Yamaha - Team "Reel Gooder"

2700 Triton / Twin 225 Mercury Optimax - Team "Over the Edge"

Emerald Coast Custom Rods

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!

______________________________________

Grady White 20 Overnighter

225 Ocean Pro

named: Head Turner

 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.

-------------------------------------------------------------------------------                                                       

2101 Century Bay / 150 Yamaha - Team "Reel Gooder"

2700 Triton / Twin 225 Mercury Optimax - Team "Over the Edge"

Emerald Coast Custom Rods

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.

______________________________________

Grady White 20 Overnighter

225 Ocean Pro

named: Head Turner

This is how I figure:

Supply and Demand:  Let’s say everyone in the US wants a PB&J sandwich for dinner every night of the week but all the bakeries in the US 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.

If one of the largest consumers of oil (the US) 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.

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 Nigeria 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.

If you have any real insight, other than it is affected by many thing, please enlighten us.  We are here to learn.    

 

-------------------------------------------------------------------------------                                                       

2101 Century Bay / 150 Yamaha - Team "Reel Gooder"

2700 Triton / Twin 225 Mercury Optimax - Team "Over the Edge"

Emerald Coast Custom Rods

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't think 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 exceeding supply 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.