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Posted by: canadianrancher57 6 months, 2 weeks ago

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canadianrancher576 months, 2 weeks ago

From most reports that I heard yesterday even the Saudi representatives said that there was no shortage of oil and the price was being driven by speculation. This 200,000 barrels of oil only represents 200 contracts on the futures market that is flush with money from investors wishing to cash in on the upward movement in oil. The volume of trading in the nearby month on the New York mercantile exchange for oil was over 350,000 yesterday so an extra 200 contracts will never even be noticed.
What will eventually correct the high prices is already happening, people are starting to drive less and conserve. We are looking at what I feel is an energy bubble which will eventually break.
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  slate6 months, 2 weeks ago
  
  speculation is the actual problem,,,,,, take it off that market
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    libsRfunny6 months, 2 weeks ago
    
    Interesting. I thought this Daily US News plagiarist site was banned from posting on Preopeller. Very unfortunate it continues.
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      slate6 months, 2 weeks ago
      
      Yeah?
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        libsRfunny6 months, 2 weeks ago
        
        Yep. I compiled info on the last story these goofs tried to pass off as their own when it was an obviously plagiarized story from the Associated Press. All that site does is a half-assed version of paraphrasing and plagiarism from real news sources and tried to pass it off as its own.
        I sent it to James Marcus as well as the AP. I was told Propeller meant to ban the site from posting here again. Perhaps it takes a little time or someone forgot.
        In reading it, you might have noticed several grammar errors and the information isn't attributed other than the quote, which you can bet they got from another source and failed to attribute it.
        Allow me to demonstrate ...
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        libsRfunny6 months, 2 weeks ago
        
        http://www.dailynewsus.com/2008/06/deadly-night...
        Deadly Nightclub Raid In Mexico City
        "Police went to the club last night when someone reported that alcohol and drugs were being sold to minors celebrating the end of the school year.
        "The crowd rushed into an emergency exit after the club owner announced that officers were there to arrest them. The emergency exit was partially blocked by cases of beer. 12 people were killed and 13 injured in the crush. Police detained 39 people including the owner."
        http://www.usatoday.com/news/world/2008-06-21-m...
        12 dead in Mexico City nightclub stampede
        "police showed up to check reports of drugs and alcohol being sold to minors." "celebrate the end of the school year"
        "club's owner announced to the crowd that the officers were there to arrest them"
        "emergency exit, which was obstructed by cases of beer."
        "Police detained 39 people including the owner"
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