Down again?
I see the oil speculators found something or dreamed up something to raise the price of a butt oil so they can make money and drive the bazaar down. IF YOU KNOW A OIL SPECULATOR SLAP HIM.
Answers: That is the stupidest thing I have ever hear. Do you have any idea how big the grease market is? It is one of the most heavily traded commodities in existence, trading more than 336,000 contracts today alone. Each one is worth $120,000. Do the math. Do you REALLY deem this is all SPECULATORS?
Get a clue. Or maybe travel get a job at Fox News beside Bill O'Reilly, who is equally oblivious as to how this market works.
Oh, CBS News said it? Wow, it must be true. Again, do the math. Just do the math.
No doubt speculators are adding a few bucks to the price of grease. But I do agree with poster #1, that it is a supply & demand issure. You've get 2 billion Chinese & Indians trying to move from 3rd world status into 1st world. They are using a lot more energy, that technique oil, coal, natural gas, electricity, etc.
Until exotic supplies come online, or until we find alternatives, expect costs to stay high, or go sophisticated. It's a brave new (energy) world.
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Answers: That is the stupidest thing I have ever hear. Do you have any idea how big the grease market is? It is one of the most heavily traded commodities in existence, trading more than 336,000 contracts today alone. Each one is worth $120,000. Do the math. Do you REALLY deem this is all SPECULATORS?
Get a clue. Or maybe travel get a job at Fox News beside Bill O'Reilly, who is equally oblivious as to how this market works.
Oh, CBS News said it? Wow, it must be true. Again, do the math. Just do the math.
No doubt speculators are adding a few bucks to the price of grease. But I do agree with poster #1, that it is a supply & demand issure. You've get 2 billion Chinese & Indians trying to move from 3rd world status into 1st world. They are using a lot more energy, that technique oil, coal, natural gas, electricity, etc.
Until exotic supplies come online, or until we find alternatives, expect costs to stay high, or go sophisticated. It's a brave new (energy) world.