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To: Smokin' Joe

Ethanol limitations are not behind 70+bbl crude... while it might affect pump prices and distribution, Ethonol and its availability have zero to do with crude pricing... which is the major component, and right now its futures manipulation that is behind it, not a lack of supply or an increase in demand.


77 posted on 04/25/2006 8:13:21 AM PDT by HamiltonJay
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To: HamiltonJay
right now its futures manipulation that is behind it, not a lack of supply or an increase in demand.

Just how are they being manipulated. Its a bidding process. You can tell the world what they can bid on future oil supplies?

101 posted on 04/25/2006 8:28:13 AM PDT by jec41 (Screaming Eagle)
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To: HamiltonJay
While ethanol prices are not behind $70 crude, they are at least partly behind $3.00+ gasoline. Most on this forum wouldn't care if crude were $100, if they got by cheaper at the gas pump.

As for global demand, it is increasing substantially, and oil is a globally traded fungible commodity.

120 posted on 04/25/2006 8:42:31 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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