It seems that the gas prices are remaining down by about 30%. How could that happen with China increasing the demand? Did those wily Chinese suddenly turn back the demand?
*In my best Church Lady voice:
Could it be...politics????
Amazing timing at the least...election coming up...
It seems that the gas prices are remaining down by about 30%. How could that happen with China increasing the demand? Did those wily Chinese suddenly turn back the demand?
*In my best Church Lady voice:
Could it be...politics????
Amazing timing at the least...election coming up...
It seems that the gas prices are remaining down by about 30%. How could that happen with China increasing the demand? Did those wily Chinese suddenly turn back the demand?
*In my best Church Lady voice:
Could it be...politics????
Amazing timing at the least...election coming up...
Are you saying that the president has the power to call each of the traders that buy and sell commodities, and talke them into not shorting/selling to make the price go down. Wow, thats alot of calling. I own commodites, like Gold, oil futures, natural gas, and havn't recieved any calls or threats from W yet.
And, the predictions of a catastrophic hurricane season, fueled by global warming, which would have devestated our offshore production and onshore refining capacity, turned out to be a big bust.
And, the predictions of a catastrophic hurricane season, fueled by global warming, which would have devestated our offshore production and onshore refining capacity, turned out to be a big bust.
Or a fine example of profiteering?
Quote:
Are you saying that the president has the power to call each of the traders that buy and sell commodities, and talke them into not shorting/selling to make the price go down.
No, I am not. But I am saying that political pressure on oil company leaders can have effects and I am saying that there is a distinct possibility of widespread collusion in these markets.
I cannot believe for a moment that our national demand dropped by 30% over a matter of a few months when prices remained escalated for a long period of time.
Quote:
I own commodites, like Gold, oil futures, natural gas, and havn't recieved any calls or threats from W yet.
I have seen the options markets manipulated. That was in the 80's. Also there is a reason, for example, that computer-trigger trading was ultimately regulated. It had potential to change a variety of markets with prounounced effects.
I have little history of discussing conspiracies, but a certain collusion and control over pricing in American markets is not at all uncommon, especially on the retail side.
Walmart for example, is now providing up to a month's supply of prescriptions for about $4. Others could have it done so long ago.
And, the predictions of a catastrophic hurricane season, fueled by global warming, which would have devestated our offshore production and onshore refining capacity, turned out to be a big bust.
Or a fine example of profiteering?
Quote:
Are you saying that the president has the power to call each of the traders that buy and sell commodities, and talke them into not shorting/selling to make the price go down.
No, I am not. But I am saying that political pressure on oil company leaders can have effects and I am saying that there is a distinct possibility of widespread collusion in these markets.
I cannot believe for a moment that our national demand dropped by 30% over a matter of a few months when prices remained escalated for a long period of time.
Quote:
I own commodites, like Gold, oil futures, natural gas, and havn't recieved any calls or threats from W yet.
I have seen the options markets manipulated. That was in the 80's. Also there is a reason, for example, that computer-trigger trading was ultimately regulated. It had potential to change a variety of markets with prounounced effects.
I have little history of discussing conspiracies, but a certain collusion and control over pricing in American markets is not at all uncommon, especially on the retail side.
Walmart for example, is now providing up to a month's supply of prescriptions for about $4. Others could have it done so long ago.
Ok, I keep up with theoil market, natural gasfuturesand espiecally the gold market, I see the reports, I see the recommendations. I haven't seen all theprofiteering you mention. Ias others on there did see a bad hurricane seasonlast year.I did see the world in chaos. It still may be in chaos, but sometimes the market gets used to the noise. It becomses common place and you become jaded and stabilizes. Justthe way economics work. For the oil companies to have a huge effect, they have to pushbad news to the traders. Since 2001, there has been bad news constantly moving the markets, and last years' hurricane season, along withHugo's comments, it spiked. The traders get used to hearing hugo's comments. They got used to the fact that Iraq wasn't producing as much oil, you get used to the facts, and deal withthem and things stabilize.
Maybe you can show us some analysis reports showing oil company pressures to the traders. I use INO.They have some great research tools. You could start there.
Maybe you can show us some analysis reports showing oil company pressures to the traders.
No, I don't think that I can, but I don't care to try really. You may be right, BC.
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Ias others on there did see a bad hurricane seasonlast year.I did see the world in chaos. It still may be in chaos, but sometimes the market gets used to the noise. It becomses common place and you become jaded and stabilizes
Historically, the effects have occurred previously without such pronounced effects.
I remain skeptical that its just the markets. The timing alone raises questions, and would like to verifiable documentation to the effect that our world demand has undergone a 30 to 35% decrease in a matter of months. Yes, I know it can be much more complex than that, but on the other hand, price-fixing and gouging are also commonplace. The cartels that were formed and effective are proof of that. They have shown an ability to increase/decrease supply to a degree that changes prices. That is very common knowledge and requires no heavy research whatsoever.
Clearly we see prices fluctuating nearly by the hour at the pump. It is difficult to believe that this is not easily abused. The effects are obvious and raise many questions.
The price is not controled by the free market. The price is controled at the source by cartels like OPEC and such to artificially manipulate price and supply globally.
What is allowed out of the ground is then traded on a semi-free market and the price kept artificially high as a result.
Anyone who thinks the oil futures market sets the price is living in la-la land - it simply adjusts what is set by the supply at the source - which is arbitrarily controled market collusion and price fixing - illegal in the USA but not under US jurisdiction.
Control production at the source and the price rises or falls accordingly.
OPEC has recently announced a cut in production to raise global prices - there's your precious "free market" right down the toilet.
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To a small point yes, you are right. But those announcements do not cause futures to shoot up or down. They do it slowly. Its a certainty. But whats not, is events that we cannot control, like the gulf getting hit by a storm, or 9-11, or some madman, threatening to shut down production. Or a new outright war. Those get traders hopping. You ever wonder why when 1% of the worlds oil gets threatened spot price can change 15%-30%. The US can use pressure on OPEC. If OPEC had thier way, they would like to see the price per a barrel at $70 and stay there for a few years. I would,n't mind to see it shoot up on Dec. futures myself and then go down. But mainly I am into metals and natural gas.
What happened in China?
