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To: Vaquero
then who?

Do you know what it means to say that oil prices are up because of speculation?

15 posted on 11/12/2007 7:38:13 AM PST by DungeonMaster (Al Gore, the Jessie Jackson of weather.)
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To: DungeonMaster

Yes but if we were glutted with our OWN OIL, this situation would never have reached this point and speculators would be bringing in boom levels of, oh say, $35 a barrel.


18 posted on 11/12/2007 8:11:17 AM PST by Vaquero (" an armed society is a polite society" Heinlein "MOLON LABE!" Leonidas of Sparta)
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To: DungeonMaster
Do you know what it means to say that oil prices are up because of speculation?

That's a BUMP!!! Refineries closing for no one's buying the distillates. Contango and Arbitrage with all available tankers full of crude.

41 posted on 11/12/2007 11:31:19 AM PST by BlabItGrabIt (Sometimes nothing is a real cool hand...)
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