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Analyst predicts plunge in gas prices
Seattle Times ^
| September 14, 2006
| Kevin G. Hall
Posted on 09/16/2006 5:56:55 PM PDT by Chi-townChief
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To: Wilhelm Tell
I'm surprised this hasn't become a huge issue. The futures market is complicated and the Dem simps seem to have digested the "Bush and Big Oil" lie quite well. The Repubs need to get cracking on this and frying the Dems for blocking drilling. It's becoming inexcusable.
The only condition that has changed over the past month is the announcement that a few traders from BP were under investigation for manipulating the market. That's when the price slide started....I'm just sayin.
61
posted on
09/16/2006 7:44:38 PM PDT
by
Wristpin
("The Yankees announce plan to buy every player in Baseball....")
To: SauronOfMordor
The article is from the beginning of August and Oil went to $78 after it was published. Greed Premium!
62
posted on
09/16/2006 7:49:24 PM PDT
by
Wristpin
("The Yankees announce plan to buy every player in Baseball....")
To: TonyRo76
$2.05 this evening, west side of Columbus!Hilliard-Rome Rd?
63
posted on
09/16/2006 7:56:41 PM PDT
by
buccaneer81
(Bob Taft has soiled the family name for the next century.)
To: garyb
My liberal associates are of the opinion that it is no coincidence that gas prices are dropping just before the election. Well, that machine that Bush and Rove have in the White House is a marvelous contraption. Spin a dial here and prices go up and down. Flip this lever and the economy tanks; flip it the other way and the economy hums.
Back in 2000, O'Bannon suspended Indiana's gas tax as a political gimmick. Gas was close to $2 a gallon, and people were screaming. He won the election, of course--and bankrupted the state even more that he already had.
64
posted on
09/16/2006 8:00:52 PM PDT
by
Samwise
(All that is needed for evil to triumph is that good men do nothing.)
To: Samwise
I can see the NY TImes Headline in October:
"Oil Company Profits Plunge"
Business at worst in years.
65
posted on
09/16/2006 8:08:57 PM PDT
by
EQAndyBuzz
("For seven million extra, we could have avoided a billion dollar WOT.")
To: IronJack
Yes comrade! Shall we sing the Internationale as well or just fly the red flag?
66
posted on
09/16/2006 8:11:01 PM PDT
by
Dat
To: IronJack
I believe all the contracts require delivery, and are delivered on.
They don't just settle up the difference in cash. Oil changes hands at the specified price on the specified date.
To: IronJack
Yeah, oil speculators are doing this to help out the poor and downtrodden. I didn't realize ... So, you're against capitalism, when you're not profiting? Just asking.
68
posted on
09/16/2006 8:21:07 PM PDT
by
Big Giant Head
(I should change my tagline to "Big Giant Pancake on my Head")
To: Chi-townChief
Still $3.60 and up in Maui!!!!
To: proxy_user
They don't just settle up the difference in cash. Oil changes hands at the specified price on the specified date. Each contract may be delivered, but a speculator can buy a contract low, and sell it to another entity before being delivered on.
70
posted on
09/16/2006 8:24:20 PM PDT
by
Big Giant Head
(I should change my tagline to "Big Giant Pancake on my Head")
To: Chi-townChief
1.93 gal Regular Gainesville, VA
71
posted on
09/16/2006 8:30:12 PM PDT
by
Dstorm
Comment #72 Removed by Moderator
To: TonyRo76
Had to fight all the insane traffic to get there (even on a Saturday)I hear you, bro. I work at Trabue and Wilson. I get my gas over at Hilliard-Rome quite a bit. It's nuts.
73
posted on
09/16/2006 8:44:25 PM PDT
by
buccaneer81
(Bob Taft has soiled the family name for the next century.)
To: proxy_user
futures contracts are settled daily, on paper. Not like stocks have a settlement date a few days later. I think futures can be settled with cash but it's gotta be expensive?
To: Samwise
75
posted on
09/16/2006 8:54:57 PM PDT
by
AFPhys
((.Praying for President Bush, our troops, their families, and all my American neighbors..))
To: Samwise
$1.98 at an Indy Wal-Mart! Now that will tick of the dimmy's! Thanks Karl Rove!
To: JohnnyMcB
77
posted on
09/16/2006 9:07:24 PM PDT
by
Samwise
(All that is needed for evil to triumph is that good men do nothing.)
To: Dat
Shall we sing the Internationale as well or just fly the red flag? Sorry, I don't know the words. But if you could hum a few bars ... And while you're at it, take a hum on this ...
78
posted on
09/16/2006 9:07:53 PM PDT
by
IronJack
(ALL)
To: proxy_user
I believe all the contracts require delivery, and are delivered on. Just not by the parties that originally bought or sold them. That would actually mean doing some work. Far better to buy and sell pieces of paper that are backed by rumor, illusion, lies, and fear.
79
posted on
09/16/2006 9:09:33 PM PDT
by
IronJack
(ALL)
To: Big Giant Head
So, you're against capitalism, when you're not profiting? Did you compete in the Logical Olympics? With a leap like that, you'd be sure to bring home gold.
80
posted on
09/16/2006 9:10:23 PM PDT
by
IronJack
(ALL)
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