To: Oldeconomybuyer
Speculation In Crude Oil Adds $23.39 To The Price Per Barrel 'As Goldman Sachs believes that each million barrels of speculation in the oil futures market adds about 10 cents to the price of a barrel of oil, this means that in theory the speculative premium in oil prices due to speculation is as much as $23.39 a barrel in the price of NYMEX crude oil.
In turn oil analysts believe that every $10 rise in the price of crude oil translates into a 24 cent rise in the price of gasoline at the pump. Using the 24 cent rise in the price of gasoline suggests that each dollar increase in a barrel of oil equals about $.56 per barrel.'
23 posted on
04/17/2012 7:05:00 AM PDT by
Theoria
(Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
To: Theoria
The Dodd-Frank bill, passed TWO YEARS AGO, gave the Commodity Futures Trading Commission the authority to raise the margins or eliminate them all together. However,
the CFTC has 5 members: 3 D's (one of which appointed by Obama) and two R's, and the D's have been purposefully delaying implementing the new rules on margins. OBOMBA must be scared....he's doing this a little early ...figured he'd wait until August....and spending $52 million? UNNEEDED!!!!
27 posted on
04/17/2012 9:35:35 AM PDT by
goodnesswins
(2012..."We mutually pledge our Lives, our Fortunes, and our Sacred Honor")
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