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1 posted on 04/23/2008 12:55:28 PM PDT by thackney
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To: thackney

There certainly is a pricing relationship between residual oil and crude oil. There is also a correlation between resid and nat gas that was fairly constant until this year when resid hit 130 percent of gas. Its about 113 percent right now.


2 posted on 04/23/2008 1:37:22 PM PDT by Eric in the Ozarks
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To: thackney

Look for the Democrats to attempt this maneuver...

Since gas prices are largely the result of the surging price of a barrel of crude, and that is a product of speculation in the futures market, I would expect them to propose some draconian surtax (90% or so) on profits earned from the trading of energy futures.

This would have the effect of frightening a vast number of US based speculators out of the market, and the resulting sell-off from the world’s wealthiest country would force the price of a barrel of crude to drop like a rock. The bubble will have been pricked and will deflate. This is precisely how they have blown-up markets in the past and I am surprised it is taking them so long to think of it.


3 posted on 04/23/2008 1:41:00 PM PDT by Buckeye McFrog
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