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To: stockstrader
Well, there are other reasons, too. In a fit of logic that I don't pretend to understand, the hedge fund boys have gotten involved in commodities. The markets have become very, volatile.
408 posted on 04/14/2006 4:26:25 PM PDT by durasell (!)
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To: durasell
NO question about it. The fact remains,,,that the spot oil price is determined mostly by traders in New York, Tokyo and London. Of course, big organizations like OPEC have a major input too.

But to blame our oil companies (who control 2% of the world oil market) when, in fact, it is our govt that it tying their hands,,,and the govt is 'price gouging' us,,,is outrageous.

The govt is getting a free pass on this and much of the debate on here proves it.

Well, gotta run...enjoyed it as always. Especially with you ConTex,,,really enjoyed 'enlightening' you...lol

For the SIXTH and final time...have a nice day..:)

412 posted on 04/14/2006 4:29:57 PM PDT by stockstrader
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