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To: HamiltonJay
Long term contract for delivery was available long before a futures market existed in the US....

You didn't answer my question.

Why would the all-powerful world manipulators of oil prices allow anyone to enjoy very large quantities of fuel at half the going price?

What's wrong with this picture?

60 posted on 04/24/2006 9:36:55 AM PDT by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: Publius6961

See the post below yours... Its not some grand conspiracy, its simply greed and manipulation. There is no omnipotent godlike creature breakign old signed contracts, just flat out manipulation of current ones.

Again, demand is down, supplies are up and price continues to skyrocket.... pure and simple manipulation. Fact is simple that supplier is still making a nice profit on that oil being sold at 35 bbl, because his costs haven't increasted at all, his supplies haven't decreased... he can deliver it easily at 35bbl because there has been nothing to truly affect the cost of extracting crude from the earth, and there is no shortage... Saudi Arabia is actually producing more daily than it can sell by its own admission.


64 posted on 04/24/2006 9:42:15 AM PDT by HamiltonJay
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