Oil Slick Stuff

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Feb. 28, 2012, 8:16 a.m. EST
[h=1]Oil pulls back but remains near $108[/h]By Sarah Turner and Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — Nymex light-sweet-crude-oil futures pulled back but remained near multimonth highs in Asian and European electronic trading on Tuesday, with analysts linking geopolitical tension to the support for prices.
Crude oil futures for April delivery traded down 29 cents at $108.28 a barrel.
Oil pulls back but remains near $108 - Futures Movers - MarketWatch
 
konakathy said:
ain't it the truth! :mad:

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FireWeatherMet said:
Interesting results from our TSPTalk Poll on what is behind the recent runup in the price of Oil.

Big Winner..."Speculators". If combined with "Corruption & Collusion" thats 61% of us. If Speculating includes "speculating on war", thats 82% of us.

So much for advocates of "Supply and Demand" went it comes to the Oil market. Only 6% of us believe that.

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What do you think they are speculating on? :confused: Supply and Demand perhaps?:toung:
 
nnuut said:
It's speculation my friend.
:cool:
BushSays Drill, Drill, Drill — and Oil Drops $9!
By Larry Kudlow

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Watch out Hugo you just agreed with me, do you have any idea what that can do to your reputation?
I have posted more than once that demand in the USA is DOWN, supply is UP and price is UP. The only thing left is SPECULATION and the government is letting it happen for some mysterious reason? :laugh: BUT now is the time to promote drilling and delivery and make the country independent where we don't have to pay a premium to other countries to keep our economy going. Nice to see you are on my side now.:)
 
nnuut said:
Watch out Hugo you just agreed with me, do you have any idea what that can do to your reputation?
I have posted more than once that demand in the USA is DOWN, supply is UP and price is UP. The only thing left is SPECULATION and the government is letting it happen for some mysterious reason? :laugh:
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Did you miss this chart I posted Nnuut?

demand.jpg

While demand is down in the U.S., China's demand is continuing to increase, and Oil Prices are a worldwide commodity. Supply and demand- with the demand coming from China. THAT's a large part of why oil prices are climbing.
 
Oil is a global commodity with a price that reflects countless variables in dozens of countries. Ascribing price movements to distilled political decisions in just one (or two or three) of those countries is utter nonsense. ESPECIALLY when we know OPEC is fundamental in controlling (manipulating) price movements of this global commodity. Furthermore, oil is just one of infinite components that drive greater markets in one direction or another.
 
Seems the USA is the winner, biggest demand and the most influence on the price of oil. I'm going to give up on you two Progressives I just can't relate to stupidity, sorry you have been brainwashed.
The American people know what's going on and the Anointed One is history.
 
FireWeatherMet said:
I thought we weren't supposed to take political shots at one another. I didn't label you anything political.
You know what they say about those who resort to namecalling. They realize they lost the argument, and instead of just admiting it, they have to denegrate the other person. Shame on you.
Is there a Mod out there to...uhmm...never mind, I'm talking to one right now.:confused:

Getting back to topic...if US demand has such a significant effect on price of oil, and that US demand hasn't gone up sharply then it can't be behind the sharp spike up in oil? But getting back to Jims (non-political) point, it doesn't matter if te US is #1 compared to other countries...it matters more what percent the US is to all other countries combined to figure out how much our supply or demand influences things. Basic mathematics.

And btw...since you started this...political brainwashing only happens to those who get their news exclusively from Rupert Murdoch Inc.
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Sorry, I guess my patience was shortened due to repetitivenesss and inability to understand.
Who lost the argument, not me?
With that said I don't see any reason to continue this conversation, everything has been said and if we disagree so be it.
Back to business.
 
OK folks let's stay away from name calling. This is one thing we can agree on, that the price of oil is out of whack. It doesn't matter who listens to what "talking head". Bottom line, it is costing us too much. The Oil Companies and OPEC are the only ones making the real money and they don't care why. Oil is a limited commodity and we have to stop listening to the Oil Companies telling us to drill more. IT WILL RUN OUT!!! America is one of the greatest countries in the world and if we set our mind to something we can accomplish anything. Let's stop listening to these oil barons and get away from this oil dependency. We can do it and it is going to hurt for a little bit until everyone gets on board. Unfortunately no one has the cohunes to do anything about it.
 
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