great find- thanks for posting it.

 

Yeah... that story just broke and the cost of Crude has already started coming down!!!

Now, lets see how much higher the at the pump price goes... as a penalty for the investigation!!!

 

do you mean in aftermarket trading? how much has it come down? as of the close of the U.S. markets, it went back over $130 (i think) on the morgan stanley $150/barrel story.

 

If you haven't heard, futures contracts were selling for $200 dollars a barrel. It's all smoke and mirrors. Hopefully they can get to the bottom of it. If it looks like a rat, smells like a rat, They must have a rat among them running the price up due to BS future trading. Hope they catch them......

 

I've heard futures has dropped already to $126 / barrel!!!

 

I am suspicious of regulation in any form. I think the market should be left to sort this one out. Prices will drive investment in alternatives. People need to come to terms with the fact that petroleum dependency is a security problem and these big corps and oil producers have a large amount of power over us like this.
When these oil producers become impossibly wealthy from these prices they supposedly are 'not comfortable with' they will have plenty of money to buy us up and crush us in competition later on.
I think a lot of this run up on the price of oil is due to the falling dollar which is the brainchild of the federal reserve. Investors move to commodities when currency isnt safe. Printing money to cover debts devalues our currency. Bailing out big banks just promotes more irresponsible investments.
Its all either colossal ineptitude or a very well thought out plan to export debt and enrichen those 'in the know'.

 

Diesel prices have dropped about .10¢ around here this week. Not much, but a welcome sight after continued rising for months on end.

 

I live in WV and there are no biodiesel fuel stations here, Ive been lookin for what a price a gal of bio cost, but the fuel is only in surrounding states, any one used or bought bio at a station, and how does it perform?

 

we figured this out months ago, but they are starting to figure it out. Why did it take them so long?

 

because they've never been sitting at the fuel station, looking at a $150 credit card receipt.

 

i am ticked off! barrel of oil is down over $8, yet every fuel station i've seen is charging the same or MORE than it was @ $135/barrel! i'd love to hear from some of those that claimed that this was all about supply and demand, and that there were no questionable business practices going on, and anyone who thought so was a 'conspiracy theorist'. for those who say there's a delay in the pump price falling, i'm still waiting to see the price at the pump drop from when oil fell by $10/barrel over 1 month ago.
http://www.localtechwire.com/business/story/2980994/

 

There saying that demand is down shouldn’t supply go up and prices go down?

 

one would think that's how it's supposed to work. the price is down (oil), but somehow fuel prices are being magically kept high. maybe it's one of those fancy david blaine tricks.

 

maybe its because they know they have a commodity that so MANY people are now dependent on. we continue to pay for it even though its so expensive and then we wonder why they keep raising the price? well, why not? why would they lower the price? if i was in their shoes i would keep raising it too. they have a monopoly and realize it and are taking advantage of it. i wish i had the 'wonder product' that the world wants and wont/cant stop buying no matter what.

i am lucky enough to be in a position where i bought a small little commuter car and drive to work with that to reduce my use/cost. i am also lucky enough that i am geographically close enough to work that i can start bicycling and not rely on fuel at all (at least i wont have to rely on it to get to and from work).

 

as of wed., oil prices down $13 from the high of around $135/barrel to around $122, yet pump prices are reaching new record highs on a daily basis. not one fuel station i have passed all week, has lowered their prices 1 cent, and some are continuing to rise!
http://www.rttnews.com/Content/Forex.aspx