[ms] · Est. May 2002
One durable person. One social graph. Many communities—and every way people speak, share, listen, write, gather and remember.
Re: Oil Going to $200
well prove my post wrong then. Don't just do your typical " I speak for everyone, you are stupid" defense.
What affects prices? Is it supply/demand? Or some other form of economics I'm not aware of.
What is going on here is nothing more then PURE speculation. The mega banks and oil companies are driving the price up through the roof.
Re: Oil Going to $200
[QUOTE=runningman;933383] What is going on here is nothing more then PURE speculation.[/QUOTE]
You just answered your own question, and repeated what Jenks said 2 pages ago. Fail.
Re: Oil Going to $200
God it hurts sometimes talking to you.
So let's just allow big oil and big banks do whatever they want right? I mean they already stole trillions from you why stop now right?
Re: Oil Going to $200
Here is an excellent reality check:
[URL="https://www.google.com/search?q=how+is+the+price+of+oil+determined"]http://www.google.com/search?q=how+is+the+price+of+oil+determined[/URL]
Unless of course these Google results are being skewed by the oil companies.
Re: Oil Going to $200
...
Re: Oil Going to $200
oops. firefox is messing up.
Re: Oil Going to $200
[QUOTE=runningman;933380]Wow you couldn't be more wrong:lol:. If the factory next to mine catches fire I can't charge more money for my widgets because there was danger near by. The only thing that could affect prices would be if half my factory got burned down and I could only produce half the widgets. Then my supply couldn't meet the demand therefore driving prices up because of its rarity.
What next a fire is near the factory in silicon valley so computer prices triple? Danger might be near.:p:lol: Guess what it is a dangerous world out there!
Resonator if you compare the intellect between my posts and yours it is quite obvious you don't have a clue about business, economics, or reality for that matter.[/QUOTE]
Definitely need a facepalm for your reply. Geopolitical unrest allows prices to go up because for fear there will be a lack of production in certain commodities. Libya, as it states in wiki, supplies Europe, with some of it by Eni, who has already pulled out most of its employees. There have already been cuts in production. This isn't hard to grasp.
Re: Oil Going to $200
[URL="http://www.google.com/hostednews/afp/article/ALeqM5grVFjE4fjRZr7ipROjK0WyqHtzBw?docId=CNG.4103fec93a330f1c195d92e86c2ce8c3.71"]http://www.google.com/hostednews/afp/article/ALeqM5grVFjE4fjRZr7ipROjK0WyqHtzBw?docId=CNG.4103fec93a330f1c195d92e86c2ce8c3.71[/URL]
Saudi can offset any Libya oil supply gap: IEA chief
Saudi Arabia is capable of offsetting any shortfall in global oil supplies due to the current turmoil in Libya, the head of the International Energy Agency (IEA) said Wednesday. Saudi Arabia "can supply any gap. [COLOR="red"]Even if Libya may stop exportation totally[/COLOR] ... Saudi (Arabia) can offset or Saudi (Arabia) can (make up) ... this oil demand," Nobuo Tanaki told reporters.
"[COLOR="yellow"]T[COLOR="yellow"]he current situation is very different from 2008 when the price went up to 147 dollars because we [/COLOR][COLOR="red"]have plenty of spare capacity in the producing countries like Saudi (Arabia)[/COLOR][/COLOR]," Tanaki said.
[IMG]http://cdn.wg.uproxx.com/wp-content/uploads/2011/02/SHEEN-WINNING-CHICKS.jpg[/IMG]
Yes you do need a face palm for your ignorance.
Re: Oil Going to $200
The devil shows his face
[URL="http://www.reuters.com/article/2011/03/02/us-goldman-oil-europe-idUSTRE7212YO20110302"]http://www.reuters.com/article/2011/03/02/us-goldman-oil-europe-idUSTRE7212YO20110302[/URL]
Beware of another oil supply shock-Goldman Sachs
(Reuters) - Oil prices could spin out of control if markets are hit by a further supply shock similar to that caused by unrest in Libya, according to a Goldman Sachs fund manager.
Re: Oil Going to $200
[QUOTE=runningman;933402][URL="http://www.google.com/hostednews/afp/article/ALeqM5grVFjE4fjRZr7ipROjK0WyqHtzBw?docId=CNG.4103fec93a330f1c195d92e86c2ce8c3.71"]http://www.google.com/hostednews/afp/article/ALeqM5grVFjE4fjRZr7ipROjK0WyqHtzBw?docId=CNG.4103fec93a330f1c195d92e86c2ce8c3.71[/URL]
Saudi can offset any Libya oil supply gap: IEA chief
Saudi Arabia is capable of offsetting any shortfall in global oil supplies due to the current turmoil in Libya, the head of the International Energy Agency (IEA) said Wednesday. Saudi Arabia "can supply any gap. [COLOR="red"]Even if Libya may stop exportation totally[/COLOR] ... Saudi (Arabia) can offset or Saudi (Arabia) can (make up) ... this oil demand," Nobuo Tanaki told reporters.
"[COLOR="yellow"]T[COLOR="yellow"]he current situation is very different from 2008 when the price went up to 147 dollars because we [/COLOR][COLOR="red"]have plenty of spare capacity in the producing countries like Saudi (Arabia)[/COLOR][/COLOR]," Tanaki said.
[IMG]http://cdn.wg.uproxx.com/wp-content/uploads/2011/02/SHEEN-WINNING-CHICKS.jpg[/IMG]
Yes you do need a face palm for your ignorance.[/QUOTE]
I guess you didn't read right under it did you? Which underlines the whole point I stated before that geopolitical issues are affecting the price and that whether or not the oil lines are hit doesn't matter; the fact that they are close by matters.
[quote] The head of the Paris-based IEA did however express concern about oil prices hitting $100 per barrel on concerns at the problems in Libya and the popular unrest across the Middle East and North Africa. "We are concerned about what is happening in North Africa and the Middle East. [B]That is making the market very nervous about future interruptions," the IAE chief admitted.[/B] [/quote]
What did i say in the first reply to you? 'Hedging' What did i say in the 2nd reply to you? 'danger' will drive prices And guess what? Libyan crude is different from Saudi crude which will make it more difficult to refine and more expensive.
Re: Oil Going to $200
The media marketing campaign is in full effect. I just watched the Detroit news for warning Americans that gas prices are going to go up by 40 cents in the coming weeks.
I am convinced now that this is a media hyped event and that actions in Libya have very little to with the actual cost of gas at the pump in North America.
Saudi Arabia is the key. I hear that there is going to be a massive eruption in Saudi Arabia on March 11th.
Localizer - Making the market nervous is pure speculation. These are traders doing this. This has nothing to do with oil coming out of the ground.. Nothing. Goldman Sachs and JP Morgan are at it again. Only monster firms like that could do what is going on here. You can't take one line out of the whole report (that backs me 100%) and try to reverse it to aid you. Nice try but the headline states that SA has no problem pumping out more oil to cover Libya. Basically admitting that this is market manipulation going on.
It said nothing about hedging or danger.
Re: Oil Going to $200
[QUOTE=runningman;933429]The media marketing campaign is in full effect. I just watched the Detroit news for warning Americans that gas prices are going to go up by 40 cents in the coming weeks.
I am convinced now that this is a media hyped event and that actions in Libya have very little to with the actual cost of gas at the pump in North America.
Saudi Arabia is the key. I hear that there is going to be a massive eruption in Saudi Arabia on March 11th.
Localizer - Making the market nervous is pure speculation. These are traders doing this. This has nothing to do with oil coming out of the ground.. Nothing. Goldman Sachs and JP Morgan are at it again. Only monster firms like that could do what is going on here. You can't take one line out of the whole report (that backs me 100%) and try to reverse it to aid you. Nice try but the headline states that SA has no problem pumping out more oil to cover Libya. Basically admitting that this is market manipulation going on.
It said nothing about hedging or danger.[/QUOTE]
Are you able to breathe right now?
Re: Oil Going to $200
Ya I'm fine. I'm actually thinking this has something to do with the US dollar. All barrels are traded in US dollars
Re: Oil Going to $200
It's been explained over and over how it works here in the real world....if you can't grasp that, well then there isn't much else to argue about...
Re: Oil Going to $200
I'm not arguing. Your real world is shit and a lie... I'm with Charlie
Re: Oil Going to $200
[QUOTE=runningman;933429]The media marketing campaign is in full effect. I just watched the Detroit news for warning Americans that gas prices are going to go up by 40 cents in the coming weeks.
I am convinced now that this is a media hyped event and that actions in Libya have very little to with the actual cost of gas at the pump in North America.
Saudi Arabia is the key. I hear that there is going to be a massive eruption in Saudi Arabia on March 11th.
Localizer - Making the market nervous is pure speculation. These are traders doing this. This has nothing to do with oil coming out of the ground.. Nothing. Goldman Sachs and JP Morgan are at it again. Only monster firms like that could do what is going on here. You can't take one line out of the whole report (that backs me 100%) and try to reverse it to aid you. Nice try but the headline states that SA has no problem pumping out more oil to cover Libya. Basically admitting that this is market manipulation going on.
It said nothing about hedging or danger.[/QUOTE]
Uh, what? Ahh, I see now. I'm not allowed to use a line from your article that explicitly states exactly what I mentioned. That would be damaging to you because you didn't read your article properly. And yes, there is speculation. That is how commodities work. You hedge against future potential issues. That is why it is called 'futures.' If there is a fire around wheat fields, prices go up. If there is a monsoon in India, rice prices will go up. You know what the biggest factor in futures are? Uncertainty. It doesn't matter if Saudiland can fix the loss with 'supply', what matters is what else is going to go on in the world that will affect the supply.
[quote]The head of the Paris-based IEA did however express concern about oil prices hitting $100 per barrel on concerns at the problems in [B]Libya and the popular unrest across the Middle East and North Africa[/B].[/quote]
"We are concerned about what is happening in North Africa and the Middle East. That is making the market very nervous about future interruptions," the IAE chief admitted.[/quote]
It's more than clear what it says there. If you can't understand what that says, well then, I don't think anyone can help you with the reading issues you're having.
Re: Oil Going to $200
no it didn't. It is making the market manipulate
Making the market nervous is just jive talk for "let the manipulation begin"
Funny signature.. you should use it and reflect sometimes
Re: Oil Going to $200
Like Jesus guys do you ever try to scratch the surface of the news? Ask yourselves why this is happening? Who benefits?
Re: Oil Going to $200
[QUOTE=Jenks;931396]I could completely destroy you with historical knowledge on this one, but at the end of the day, you're not worth the time i'd spend ripping your weak assumptions to pieces.[/QUOTE]
care to share?
Re: Oil Going to $200
fucking sonofabitch dude. what the fuck is going on>?
all i see is raging, pisT folks at gas stations, me included one a bad day. prob not the highest in state prices (idk)... but what a buster CA. fuel costs a shitload here; and a fat grip of weekly flow (drainng my assets dry) obviosuly due to fillin the tank so much by commuting, and distance. it's gnarly: observing the spwrawlng urban zerg rush and housing development zoned as of late is bogus. when (or what discovery/technological advance will snuff out our dependence on this foul and limited resource) the fuck can we find something better than oil? i guessi shoudl go robin hood theory on the suckers in power. but no. they had to hoard the $$$$$. all while the rest of the world is choked broke
just by going to work, school, etc. ...i jack up the milage on the benz in mad excess, ffs. lol, leasing cars is not that bright. i never lease cars... but f it... the vital percs that come with a high profile ride keeps nosy coppers, riding dirty, ready to harass my ass... owned dimwit coppers. idgaf about 5 0. regardless of the former vent, the way street and freeway infrastructure --- of which is a total clusterfuck --- drives traffic down right irate in southern california, is just fucking lovely! cocksmoking road ragers EVERYWERE.
whatev. i need some sleep. peace out
Re: Oil Going to $200
I know people are starting to lose their minds here as well. A lot of very angry people filling up their gas tanks.
Re: Oil Going to $200
[QUOTE=i!!ustrious;934526]fucking sonofabitch dude. what the fuck is going on>?
all i see is raging, pisT folks at gas stations, me included one a bad day. prob not the highest in state prices (idk)... but what a buster CA. fuel costs a shitload here; and a fat grip of weekly flow (drainng my assets dry) obviosuly due to fillin the tank so much by commuting, and distance. it's gnarly: observing the spwrawlng urban zerg rush and housing development zoned as of late is bogus. when (or what discovery/technological advance will snuff out our dependence on this foul and limited resource) the fuck can we find something better than oil? i guessi shoudl go robin hood theory on the suckers in power. but no. they had to hoard the $$$$$. all while the rest of the world is choked broke
just by going to work, school, etc. ...i jack up the milage on the benz in mad excess, ffs. lol, leasing cars is not that bright. i never lease cars... but f it... the vital percs that come with a high profile ride keeps nosy coppers, riding dirty, ready to harass my ass... owned dimwit coppers. idgaf about 5 0. regardless of the former vent, the way street and freeway infrastructure --- of which is a total clusterfuck --- drives traffic down right irate in southern california, is just fucking lovely! cocksmoking road ragers EVERYWERE.
whatev. i need some sleep. peace out[/QUOTE]
what was it like before you edited for "PUNCTUATION" :shock:
Re: Oil Going to $200
,,,
Re: Oil Going to $200
[QUOTE=runningman;933380]Wow you couldn't be more wrong:lol:. If the factory next to mine catches fire I can't charge more money for my widgets because there was danger near by. The only thing that could affect prices would be if half my factory got burned down and I could only produce half the widgets. Then my supply couldn't meet the demand therefore driving prices up because of its rarity.
What next a fire is near the factory in silicon valley so computer prices triple? Danger might be near.:p:lol: Guess what it is a dangerous world out there!
Resonator if you compare the intellect between my posts and yours it is quite obvious you don't have a clue about business, economics, or reality for that matter.[/QUOTE]
Here
Re: Oil Going to $200
[QUOTE=runningman;935928]Here[/QUOTE]
Here: [url]http://www.investopedia.com/terms/c/commodity.asp[/url]
[url]http://en.wikipedia.org/wiki/Commodity[/url]
[url]http://www.commodityonline.com/[/url]
I guess you quite haven't figured out the difference between your silly example and what a commodity actually is.
Re: Oil Going to $200
[QUOTE=i!!ustrious;934526]fucking sonofabitch dude. what the fuck is going on>?
all i see is raging, pisT folks at gas stations, me included one a bad day. prob not the highest in state prices (idk)... but what a buster CA. fuel costs a shitload here; and a fat grip of weekly flow (drainng my assets dry) obviosuly due to fillin the tank so much by commuting, and distance. it's gnarly: observing the spwrawlng urban zerg rush and housing development zoned as of late is bogus. when (or what discovery/technological advance will snuff out our dependence on this foul and limited resource) the fuck can we find something better than oil? i guessi shoudl go robin hood theory on the suckers in power. but no. they had to hoard the $$$$$. all while the rest of the world is choked broke
just by going to work, school, etc. ...i jack up the milage on the benz in mad excess, ffs. lol, leasing cars is not that bright. i never lease cars... but f it... the vital percs that come with a high profile ride keeps nosy coppers, riding dirty, ready to harass my ass... owned dimwit coppers. idgaf about 5 0. regardless of the former vent, the way street and freeway infrastructure --- of which is a total clusterfuck --- drives traffic down right irate in southern california, is just fucking lovely! cocksmoking road ragers EVERYWERE.
whatev. i need some sleep. peace out[/QUOTE]
ahaha, not funny, but very articulately written and made me lol.. but laughter aside, yah driving in cali is sooo expensive and pisses everyone off when prices randomly spike it's like a gut punch...and you can feel the negativity at the pump, it's intense for sure. I recommend toyota avalons, quiet, gas efficient, great ride, everything you need, and a little bit more. promise, later
Re: Oil Going to $200
Opposed to the Toyota Penis?