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Topic: Speculation?! In the Oil Market? Unpossible!!

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All Forums : [GENERAL] : General Discussion : Current Events > Speculation?! In the Oil Market? Unpossible!!
19 AUG 2011 at 1:24pm

GBburgher

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Seems like there is some concensus building to indicate that in fact, yes, speculation is what has been driving prices up, not the old & busted market device of supply/demand. http://online.wsj.com/a...4576514761171756944.html http://www.reuters.com/...ak-idUSTRE77I4NR20110819 http://online.wsj.com/a...4576343830615621402.html As a result of the artificial oil market, the average price per barrel of crude oil increased from $31.61 in July 2004 to $137.11 in July 2008.  The average cost for a gallon of regular unleaded gas in the United States grew from $1.93 to $4.09 over the same period. Hmmm, wonder if we'll ever see $1.95/gal at the pump again?

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19 AUG 2011 at 5:59pm

HarleyRider

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Joined: 17 JUN 2004

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I'm a free market guy.  The market will set the price.           But I'm all for actually TAKING DELIVERY of the barrel of oil you just bought - or actually POSSESSING the barrel you just sold.  To do otherwise, in my opinion, is activity by somebody that's not actually in the market.           Oh ... and this is not a wargame thread.  Shame on me.

See that ?  That's the system going to work.

The Old Guard


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All Forums : [GENERAL] : General Discussion : Current Events > Speculation?! In the Oil Market? Unpossible!!

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