To: ptlurking
"The mere threat of opening US federal lands to drilling will drop the international price of oil by $25 a barrel or more. "Maybe. It'll drop, yes, but prices locked in via contracts by futures traders will also be a factor.
33 posted on
06/17/2008 7:41:59 AM PDT by
cake_crumb
(Terrorist organizations worldwide endorse Obama.)
To: cake_crumb
Eventually those futures contracts HAVE to be delivered, and meanwhile, the hedge funds are trading for cheaper and cheaper oil further up in the future.
34 posted on
06/17/2008 8:03:42 AM PDT by
alloysteel
(Carbon dioxide is plant food, no more of a "pollutant" than water or oxygen.)
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