Did Crude top 140.00 a barrel today?
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Joined: Mar 2008
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From: San Jose, CA
it was $135.17 yesterday, and the trend was going the other way.
Last week saw inventories rising and use declining. Saudi said they were going to produce more.
Until the fed steps in by rising the short-term interest rates, investors are shying away from the dollar and looking to commodities to hedge against inflation.
I was looking to the Fed to indicate possible rate hikes, but they told the market no. This will continue for a while.
garrett
Last week saw inventories rising and use declining. Saudi said they were going to produce more.
Until the fed steps in by rising the short-term interest rates, investors are shying away from the dollar and looking to commodities to hedge against inflation.
I was looking to the Fed to indicate possible rate hikes, but they told the market no. This will continue for a while.
garrett
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after oil went down on tuesday, U.S. Energy Secretary Samuel Bodman warned of short supplies and impending big price increases, while telling everyone that he believes that speculators are not having any effect on prices. Bodman is on board with the 'drilling is our only way out of this' philosophy, but doesn't see supply increases by other countries as significant. BTW, before Samuel Bodman was appointed U.S. Energy Secretary by Pres. Bush, he was the president and chief operating officer of Fidelity Investments, who have significant holdings in oil industry companies and are heavily involved in oil futures trading. it's amazing how many things involved with the high price of oil/fuel don't smell right.......
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Amazing how they think we are all stupid enough to buy into their propaganda machine, "just keep saying it and they will believe it". I also did not know it was possible to predict the "future" on such a large scale, the bottom line is simple, until a few individuals in the government find a back bone and actually regulate the futures markets and close the Enron loop hole, this country is on a super highway to going out of business. isn't it enough proof with what Enron did to the west coast electric grid, their rates, then to all the employee's whom worked their and did not have a choice in where their retirement savings were placed and wound up losing everything.
Here is my futures prediction, we are WAY past recession and on the verge of a depression so large that it will make the depression of the 30's look like a vacation. Their will be no middle class or wealthy, we will all be fighting and scrounging for food shelter and the ability just to stay alive. Where do these turds think all their money comes from? No working class means no money being earned or spent, no taxes being paid so no benefits being paid out to anyone, so the wealthy will have no source of income and if they have no income who is going to buy into all the commodities futures? If we fall, then China is next, and when China goes so does the rest of the planet. I also believe the housing crisis is being used as a smoke screen for the real problem, the extortion of the working class by anything and anyone connected to oil.
These analysts should come ride the streets with the cops and firefighters I work with, matter of fact they should do it around the country, so they can see the actual affects high oil prices are having on everything, (there is no better view then from the trench's). Mark my words, this winter is going to set records if things don't change right now, and I don't mean snowfall amounts.
Flame away, call me a conspiracy theorist or whatever, these opinions are just that, my opinions formed soley on what I see, not what I hear.
Tim
Here is my futures prediction, we are WAY past recession and on the verge of a depression so large that it will make the depression of the 30's look like a vacation. Their will be no middle class or wealthy, we will all be fighting and scrounging for food shelter and the ability just to stay alive. Where do these turds think all their money comes from? No working class means no money being earned or spent, no taxes being paid so no benefits being paid out to anyone, so the wealthy will have no source of income and if they have no income who is going to buy into all the commodities futures? If we fall, then China is next, and when China goes so does the rest of the planet. I also believe the housing crisis is being used as a smoke screen for the real problem, the extortion of the working class by anything and anyone connected to oil.
These analysts should come ride the streets with the cops and firefighters I work with, matter of fact they should do it around the country, so they can see the actual affects high oil prices are having on everything, (there is no better view then from the trench's). Mark my words, this winter is going to set records if things don't change right now, and I don't mean snowfall amounts.
Flame away, call me a conspiracy theorist or whatever, these opinions are just that, my opinions formed soley on what I see, not what I hear.
Tim
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Joined: Mar 2008
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From: San Jose, CA
Registered User
Joined: Sep 2007
Posts: 2,372
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Amazing how they think we are all stupid enough to buy into their propaganda machine, "just keep saying it and they will believe it". I also did not know it was possible to predict the "future" on such a large scale, the bottom line is simple, until a few individuals in the government find a back bone and actually regulate the futures markets and close the Enron loop hole, this country is on a super highway to going out of business. isn't it enough proof with what Enron did to the west coast electric grid, their rates, then to all the employee's whom worked their and did not have a choice in where their retirement savings were placed and wound up losing everything.
Here is my futures prediction, we are WAY past recession and on the verge of a depression so large that it will make the depression of the 30's look like a vacation. Their will be no middle class or wealthy, we will all be fighting and scrounging for food shelter and the ability just to stay alive. Where do these turds think all their money comes from? No working class means no money being earned or spent, no taxes being paid so no benefits being paid out to anyone, so the wealthy will have no source of income and if they have no income who is going to buy into all the commodities futures? If we fall, then China is next, and when China goes so does the rest of the planet. I also believe the housing crisis is being used as a smoke screen for the real problem, the extortion of the working class by anything and anyone connected to oil.
These analysts should come ride the streets with the cops and firefighters I work with, matter of fact they should do it around the country, so they can see the actual affects high oil prices are having on everything, (there is no better view then from the trench's). Mark my words, this winter is going to set records if things don't change right now, and I don't mean snowfall amounts.
Flame away, call me a conspiracy theorist or whatever, these opinions are just that, my opinions formed soley on what I see, not what I hear.
Tim
Here is my futures prediction, we are WAY past recession and on the verge of a depression so large that it will make the depression of the 30's look like a vacation. Their will be no middle class or wealthy, we will all be fighting and scrounging for food shelter and the ability just to stay alive. Where do these turds think all their money comes from? No working class means no money being earned or spent, no taxes being paid so no benefits being paid out to anyone, so the wealthy will have no source of income and if they have no income who is going to buy into all the commodities futures? If we fall, then China is next, and when China goes so does the rest of the planet. I also believe the housing crisis is being used as a smoke screen for the real problem, the extortion of the working class by anything and anyone connected to oil.
These analysts should come ride the streets with the cops and firefighters I work with, matter of fact they should do it around the country, so they can see the actual affects high oil prices are having on everything, (there is no better view then from the trench's). Mark my words, this winter is going to set records if things don't change right now, and I don't mean snowfall amounts.
Flame away, call me a conspiracy theorist or whatever, these opinions are just that, my opinions formed soley on what I see, not what I hear.
Tim
Only if you feed them millions of milk dollars. 
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From: Bargersville, IN
I'm not sure how much regulating the markets would help. Sure it might help the current situation in the short run but in my opinion regulation breeds inefficiency. I'm no economist but I'm just not sure thats the right way to go. I do think we need to DRILL! Because without doing that we may not have any oil futures markets to regulate or not regulate. I hate it when people say that we wouldn't get oil for 5-10 years or the price will only go down a few cents. Thats bull. For one, if we can put a man on the moon we can get some wells up and running within a few years and secondly, the day the U.S. begins development the price of oil will go down. Then OPEC will realize that the U.S. may not need them much longer and it may create a domino effect of them possibly producing more oil. And then diesel will go down to a nickel a gallon!! (well maybe not that far down). But thats my view on the subject. Bottom line...Nothing ventured, nothing gained!! My 2 cents worth!!
