RE: ‘Perhaps 60% of today’s oil price is pure speculation’

RE: ‘Perhaps 60% of today’s oil price is pure speculation’ (Full Version)

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pahunkboy -> RE: ‘Perhaps 60% of today’s oil price is pure speculation’ (6/11/2008 1:14:18 PM)
well it is like I said. Big oil will sell to where it can get the most money, ie china. horray globalizatrion, down with nationalism. why would WE want to trend global? we cant have ALL those people driving SUVs!!!! WE are the hogs by birthright. this is OUR pie? not the big whole world. this election wont make progress on our problems. people - the masses are not hungry enough yet. we = must= do all these policies for the benefit of the ruling class, the filthy rich got filthier the last 8 years.

Vendaval -> RE: ‘Perhaps 60% of today’s oil price is pure speculation’ (6/11/2008 2:24:47 PM)
This section in the Salon article is right on target - "Oil price conspiracy theorists: Rev your engines""A difference of just 200,000 barrels a day between demand and supply doesn't seem like all that much when measured against the total energy consumption of the world, but as long as that disjunction exists, as long as there are more buyers than sellers, there will be long-term support for high prices." By Andrew Leonard Tuesday, June 10, 2008 08:26 PDT

popeye1250 -> RE: ‘Perhaps 60% of today’s oil price is pure speculation’ (6/11/2008 2:47:48 PM)
quote: ORIGINAL: pahunkboy well it is like I said. Big oil will sell to where it can get the most money, ie china. horray globalizatrion, down with nationalism. why would WE want to trend global? we cant have ALL those people driving SUVs!!!! WE are the hogs by birthright. this is OUR pie? not the big whole world. this election wont make progress on our problems. people - the masses are not hungry enough yet. we = must= do all these policies for the benefit of the ruling class, the filthy rich got filthier the last 8 years. PaHunk, many people in China don't make $4 a week. How are they going to pay $4 for a gallon of gasoline? And how much does gasoline cost in Iraq? I seriously doubt that they're paying $4 per gallon for gasoline!

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