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2007-10-08 Home Front: WoT

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Posted by Seafarious 2007-10-08 00:00|| E-Mail|| Front Page|| [11135 views ] Top
File under: Global Jihad

#1 Oil prices are at their all time height and oddly enough people are selling the stockpiled quantities? Hardly a mystery.

Posted by rjschwarz 2007-10-08 00:25|| 2007-10-08 00:25|| Front Page Top

#2 It is imperative that people are educated on how this industry works. This is a global issue and it is only getting more dire. It is also imperative that government stay out of it because they f everything up to the max.

Posted by newc">newc 2007-10-08 00:27|| 2007-10-08 00:27|| Front Page Top

#3 The STATUS QUO is good Regressionism - nuthin' says PROGRESS + UPWARD EVOLUTION than NON-PROGRESS and TOTALITARIAN STATIC-ISM/STATISM = STILLNESS.

Posted by JosephMendiola 2007-10-08 01:43|| 2007-10-08 01:43|| Front Page Top

#4 What a dumb question from the Journal. There is pre-Summer hoarding every year. This year, concerns about Iranian aggression has caused extended hoarding. Available oil is either being stored by the retailers, or held in trust by the producers. The oil is out there and conditions are ideal for more exploration. However, we need to grant heavy subsidies to those who convert their vehicles to natural gas or propane fuel use, if not hybrid or electrical.

Check platts.com for industry info.

Posted by McZoid 2007-10-08 03:27|| 2007-10-08 03:27|| Front Page Top

#5 The worldwide economic boom (especially in China and India) is responsible for the high crude futures prices. Commodity prices are very responsive to supply/demand imbalances and there is no reason for prices to drop in the foreseeable future.

Posted by Thrusort Speaking for Boskone9814 2007-10-08 04:15|| 2007-10-08 04:15|| Front Page Top

#6 That yes, plus the whole damned thing is rigged.
I'm sick and tired of hearing how a "Dynamic" market is better for me the consumer. It hasn't done shit for me, it only serves to fatten up the vultures.

Posted by bigjim-ky 2007-10-08 05:48|| 2007-10-08 05:48|| Front Page Top

#7 Oil tanks "stretching to the horizon" seems a bit of a ... stretch. Map

Posted by Bobby 2007-10-08 06:05|| 2007-10-08 06:05|| Front Page Top

#8 I trield Google Map's new linking feature and managed to blow it.

Google map Cushing, OK and go south of town, east of the airport.

Posted by Bobby 2007-10-08 06:07|| 2007-10-08 06:07|| Front Page Top

#9 bigjim-ky; 30 years ago we had a 'non-dynamic' market, with shortages and lines (AND high prices). For the moment the dynamic market has mostly kept the shortages and lines away. For this accomplishment the vultures expect to be paid.
Fear not - before too much longer even they won't be able to help.

Posted by Glenmore">Glenmore 2007-10-08 07:21|| 2007-10-08 07:21|| Front Page Top

#10 It's a troubled market because of government interference. The restrictions on refinery building and exclusion of exploitable land is not of non-governmental making. We can point to China and India, but when we have the capacity for self service here within our own border, its all about 'will' not about resources.

Posted by Procopius2k 2007-10-08 10:12|| 2007-10-08 10:12|| Front Page Top

#11 Bobby's right in #7 & 8 - I drive the skyway through Gary, Indiana every month or so - google over there and see how you could take all of Cushing and scatter it amongst the mills and nobody would even notice. Perhaps it stands out more noticably in the Okla. prairie, but it's really not that significant as storage goes.

Posted by Unereque Platypus5520 2007-10-08 17:08|| 2007-10-08 17:08|| Front Page Top

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