On Thu, 24 Jul 2008 06:39:36 -0400, nobody wrote:
> On Wed, 23 Jul 2008 05:35:07 -0700 (PDT), maxwelton@[EMAIL PROTECTED]
wrote:
>
>>On Jul 23, 6:37 am, nobody <nob...@[EMAIL PROTECTED]
> wrote:
>>> On Tue, 22 Jul 2008 17:06:24 -0700 (PDT), maxwel...@[EMAIL PROTECTED]
wrote:
>>> >On Jul 22, 7:04 pm, nobody <nob...@[EMAIL PROTECTED]
> wrote:
>>> >> On Tue, 22 Jul 2008 12:26:09 -0500, Gary DeWaay
>>>
>>> >> <dewaay2spike...@[EMAIL PROTECTED]
> wrote:
>>> >> >In article <22eb84lfi5nv9b7443ho2pnigj4safr...@[EMAIL PROTECTED]
>,
>>> >> >nob...@[EMAIL PROTECTED]
nobody says...
>>>
>>> >> >> On Tue, 22 Jul 2008 02:06:35 -0500, Gary DeWaay
>>> >> >> <dewaay2spike...@[EMAIL PROTECTED]
> wrote:
>>>
>>> >> >> >In article <qd3a84hlmc9kk5i0k0fq34pi707fobk...@[EMAIL PROTECTED]
>,
>>> >> >> >nob...@[EMAIL PROTECTED]
nobody says...
>>>
>>> >> >> >> On Mon, 21 Jul 2008 17:03:47 -0500, Gary DeWaay
>>> >> >> >> <dewaay2spike...@[EMAIL PROTECTED]
> wrote:
>>>
>>> >> >> >> >In article <nfp8849og4tkfqmhrcvsj69kjl9gj84...@[EMAIL PROTECTED]
>,
>>> >> >> >> >nob...@[EMAIL PROTECTED]
nobody says...
>>>
>>> >> >> >> >> >> Proof that a threat to release oil from the SPR and the
investigation into
>>> >> >> >> >> >> hedge funds is working to reduce speculative prices.
>>>
>>> >> >> >> >> >Lets all hold our breath and see if it actually
translates into lower
>>> >> >> >> >> >gas prices.
>>>
>>> >> >> >> >> To a lib loon, drilling that would produce only a small
amount of oil
>>> >> >> >> >> is a bad thing that won't help prices, but taking a small
amount from
>>> >> >> >> >> the SPR (when proposed by a Democrat) is a wonderful thing
that will
>>> >> >> >> >> reduce prices. Of course that lib seems oblivious to the
fact that if
>>> >> >> >> >> we were to empty the reserve, there would be only a 33 day
supply.
>>> >> >> >> >> Oh, and how are we going to put that back anyway?
>>>
>>> >> >> >> >We haven't touched the SPR, and we are only threatening to
investigate
>>> >> >> >> >the long sellers... which freaked them out enough to start
bailing.
>>>
>>> >> >> >> Uh huh, I'm sure the speculators are shaking in their
boots...
>>>
>>> >> >> >Lets see... Releasing the SPR can be immediate, and regulation
of
>>> >> >> >specualtion could be fast tracked... and how soon are you going
to pump
>>> >> >> >oil out of ANWR, bubs? Ten years from now?
>>>
>>> >> >> I didn't say anything about Anwr. The SPR release will do
little to
>>> >> >> nothing to help prices as it is so little and I haven't seen
anything
>>> >> >> from you in the way of cite of specific proposals to regulate
>>> >> >> speculation and how that is expected to lower prices.
>>>
>>> >> >If speculators selling long think they are going to lose their
****rts,
>>> >> >they take their money out IMMEDIATELY and put it somewhere else
safer.
>>> >> >Thus an IMMEDIATE impact on price... which is what we have seen.
How
>>> >> >else do you explain the price going down so suddenly?
>>>
>>> >> >I don't know how much simpler I can explain things to you.
>>>
>>> >> I don't believe I've said that wasn't the case. I'm just
attributing
>>> >> the reason to something other than a letter asking for SPR oil. I
was
>>> >> also discussing speculation and how I haven't seen any cites that
>>> >> spells out what specifically would be done to stop speculation that
>>> >> drives up the prices and what impact that would have on prices.
>>> >> Here, I guess I'll have to do someone else's homework for them:
>>>
>>> >>http://www.foxnews.com/story/0,2933,386441,00.html
>>>
>>> >> If such a bill passed, it could effect prices, but since that bill
>>> >> hasn't passed, why would speculators care and flee the market now?
It
>>> >> hasn't happened yet so the contention that's been pushed by some in
>>> >> this thread is just silly. The story does, however, sup****t
something
>>> >> that I've said:
>>>
>>> >> "If there is any doubt that it is speculation, not the supply and
>>> >> demand for oil, that is driving up the price, look at this week's
>>> >> history of oil prices. After Bush announced that he was rescinding
his
>>> >> fathers executive order and permitting off shore drilling and after
>>> >> OPEC announced a weakening of oil demand, the futures market price
>>> >> dropped $15 per barrel. No new oil gushed through the system.
>>>
>>> >Except for another 76,000 barrels/day is starting to go into the
>>> >system that would have gone into the SPR.
>>>
>>> If the world's production is 80M barrels a day, do you seriously think
>>> 1% additional supply is making that huge of an impact?
>>
>>Absolutely, given the closeness of supply and demand, it only
>>takes a small change to stop the market from moving in one
>>direction. When the buyers realize there is nothing to continue
>>moving the price upward, they start selling what they are
>>holding. That pushes the price down. Obviously it hasn't
>>moved prices anywhere close to where they were last year.
>>What do you think justfies prices being $70 above where
>>they were last year? Did everyone start using more?
>>How much more?
>
> I doubt that the 1% from the SPR will do anything since the increased
> supply will be done for only 90 days. What will happen to the prices
> when we put back all the oil we used?
Your "doubts" do not signify. You have illustrated that you are an idiot
and nothing more than a fascist butt sucker. I look for your signature to
learn the latest scams being perpetrated by the rightarded media and
moronic right radio. You summarize and focus them so well. There is no
logic or reason or factual connection between an announcement by His
Assholiness about FUTURE DRILLING, and the spot price of oil. As you
simply must have direct correlation as shouted by the media I have offered
press releases from reasonably unbiased sources relating to pronouncements
from knowledgeable and respected sources concerning the market for oil in
the here and now and in the predictable future that account for the EXACT
TIMING of the fall in price. But your religious fixation with the
Commander in Thief will not allow you to see anything but his ****ning
eminence. The big guns in the oil pit (the commodities exchanges) do not
sit and wait for the news to be re****ted by FAUX. They have the antenna
up and the nose open at all times. On July 14th August oil closed at $145
and on July 15th it closed at $139.
http://www.financialexpress.com/news/OPEC-sees-oil-demand-growth-slowing-further/335913/
JULY 15TH ANNOUNCEMENT FROM REAL PEOPLE THAT KNOW STUFF:
OPEC on Tuesday cut its forecast for global oil demand growth in 2008
for a fourth time this year and said consumption would slow in 2009,
signalling a more comfortable supply and demand balance.
The 13-member group, source of two in every five barrels of oil, also
said the need for its oil in 2009 would post the first significant
decline since 2002 due to slower world demand and rising supply from
non-member countries.
"Market fundamentals have clearly been softening," OPEC said in its
Monthly Oil Market for July. "This trend in fundamentals is expected to
continue -- and even gather pace --
-------------------------------------------------------------------
> The increase in prices is likely due to increased futures trading and
> has less to do with any increased demand. Have you noticed that when
> the market goes down, oil goes up and the reverse?
>
>>>
>>> > I wonder if that is why OPEC is seeing slack demand? Don't look for
faux news
>>> >to connect it.
>>>
>>> Perhaps you'd like to cite any credible news media that has
>>> "connected" it? Any reason you didn't address anything I said?
>
> Avoidance noted.
You are not in any position to speak of any "avoidance".
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
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