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| This is a discussion on Oil prices shot up more than $11 to a new record above $139 Friday within the Prius and Hybrid News forums, part of the News & Newbies category; Originally Posted by Rybold No Kidding!!! Answer: Because it's not illegal for "Financial Advisers" to release statements, which consequentially manipulate ... |
Oil prices shot up more than $11 to a new record above $139 Friday
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| | #11 | |
| An Aussie perspective Join Date: Jul 2007 Location: Adelaide South Australia
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First it's your ability to trade in oil futures, next it's your gun, your truck then all your freedoms will be taken by this totalitarian government. WATCH OUT!! | |
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| | #12 | |
| globally warmed member Join Date: May 2008 Location: Southern California
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In everything, the key is balance. "Limited regulation" is what has brought America's economy to where it is today. (Oil prices, however, are in a whole different category. National Security. You say "whaaaaaaaat?" My answer is one word; "Energy.") | |
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| | #13 | |
| Senior Member Join Date: Nov 2006 Location: Connecticut
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"Samuel Bodman, attending two days of meetings in northern Japan among energy chiefs from Group of Eight industrialized countries and other top economies, said the surge in world oil prices was largely a simple problem of supply and demand. ... "We're in a difficult position where we have a lid on production and we have increasing demand in the world," he told a small group of reporters, dismissing the effects of speculation and unclear inventory levels and other factors on oil prices." Full article here: Energy chief: Flat production behind oil prices - Yahoo! News and, from the original article of this thread, posted by the OP, we've got... "The influx of so much fresh money into the energy markets has caught the attention of federal watchdogs. The U.S. Commodity Futures Trading Commission recently said it was six months into a probe of U.S. oil markets focused on possible price manipulation." - Just a tad bit of a discrepancy here, wouldn't you say? What's up with that? | |
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| | #14 |
| Just another Onionhead Join Date: Mar 2007 Location: Texas
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Friends: 0 | ICE, ICE, Baby, conclusion | Ed Wallace | Star-Telegram.com "What’s been happening since 2004 is very high prices without record-low [oil] stocks. The relationship between U.S. [oil] inventory levels and prices has been shredded and become irrelevant." — Jan Stuart, Global Oil Economist, UBS Securities |
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| | #15 |
| Senior Member Join Date: May 2008 Location: SE PA
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Friends: 0 | It's time for the government to step in. You can't have speculation determine the price of a vital commodity that determines your whole economy. This did not happen in the 1990s, when OPEC controlled the price. The question is how did the speculators get control of the price? |
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| | #16 | |
| An Aussie perspective Join Date: Jul 2007 Location: Adelaide South Australia
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Funny how your right to trade futures is not as important as you right to have a gun but it is often argued that all rights are as important as all other rights. | |
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| | #17 | |
| Senior Member Join Date: Jun 2007 Location: MD
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| | #18 |
| An Aussie perspective Join Date: Jul 2007 Location: Adelaide South Australia
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Friends: 33 | Why not? It happens every day with beef, pork, wheat, sugar, corn, barley, lamb, etc so why not energy? You can also trade electricity, gas, coal, as well as oil so what is the big deal? I'm not sure what all the fuss is about. If it all collapses the price will fall and a lot of investors will get their fingers burned. If the byproduct of high energy prices is reduced demand then isn't that a good thing? |
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| | #19 |
| Senior Member Join Date: Jan 2008 Location: Corpus Christi, Republic of Texas
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| | #20 | |
| Senior Member Join Date: Apr 2006 Location: Victoria, BC
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Friends: 1 | Speculation it isn't. Read The Oil Drum: Europe | Why oil costs over $120 per barrel Quote:
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| gas, gasoline, oil, price, suv |
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