King of Sanity

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    • Thu Sep 18th 23:15 PM
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      Saudi Talk and Production Bring Down Oil Price
      The rest of the OPEC countries will follow suite with the Saudis to bring prices down to the $50--$60 PPB range that will hold steady through at least 2012 or longer. This will in turn go a long way with helping our economy to rebound with steady growth similar to what we experienced in the mid 90s.
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    • Mon Jun 30th 22:28 PM
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      Oil at New Highs: Heading to the Exit Lane
      The end is near. Soon it will not matter if oil is $10.00 or $1.00 per gallon. We are heading for an economic collapse that will dwarf what went down in 1929. I hope that I am 100% wrong, but all of the signs are pointing more and more with each passing day to a very bleak, long term outlook that is going to turn our world upside down. All I can say is enjoy these last few days of the good life and prepare yourself for the economic horrors that are just around the corner.
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    • Sat Jun 28th 12:14 PM
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      So You Think Oil’s Expensive Now?
      Let's see how many excuses we can make in an attempt to justify the mauling that is happening to millions of people with the ever increasing price of Oil. I would love to know what has gone so wrong this spring and summer as compared to last summer when oil prices were well below $3.00 a gallon. I would say that very little has happened these past 3-4 months to justify this raping of the pocket books of people trying to survive this onslaught. My wife and I have bought a nice little Prius. This is the best way we can to the oil robber barons to kiss off and stay out of our pocket book!
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    • Fri Jun 27th 16:36 PM
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      General Discussion on OIL
      What if we rounded up all of the speculators in the USA and gave them the choice of lowering oil prices to $60.00 a barrel within the next 72 hours or face a very long stretch in a maximum security prison. As long as they kept it at or below $60.00, they would remain prison free. You know what would probably happen? We would have oil at $60.00 per barrel. This would prove beyond a shadow of doubt that speculators are at the root of the problem. I have a question that I wish some of you that are in the "know" would attempt to honestly answer. My job is to save as many lives as I can as an Oncologist and not to make people's lives more difficult. I had my financial advisor to make sure non of my investment portfolio contained any oil related investments.The question is: What would happen if oil speculators were suddently banned from participating in any type of transaction in commodity markets?
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    • Thu Jun 26th 12:19 PM
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      How Big a Contribution Comes from Oil Speculation?
      User 190596:

      Take speculators out of the oil pricing loop; then we have $50.00-$65.00 per barrel prices that remain stable of the long course. Prior to the advent of the internet, speculators did not have a tool that could effect oil prices overnight. Something must be done very soon to bring speculators under control or we will be paying $8.00 or more per gallon and our entire economy will fall into ruins that may never recover for the long term. We are in a much more dangerous situation than most people realize. Once they realize what is going on, it will be too late to fix the problem. This is why it is so important that swift action take place, and ASAP.


      On Jun 26 11:57 AM User 190596 wrote:

      > Hamilton is correct. If OIL price isn't 30% to 60% speculation, then
      > why does oil jump $10 every time a gun is fired in Nigeria or Israel
      > fires up a jet engine. This has very little to do with fundamentals.
      > There are no gas lines and there is ample supply for the foreseeable
      > future.
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    • Wed Jun 25th 20:20 PM
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      'Index Speculators' Hoarding Commodities
      Speculators are nothing more than "crack cocaine" dealers that are dooming both the young and old world-wide. Maybe Bush's war on drugs should be a war on speculators. At least crack dealers price their merchandise more reasonably than oil speculators!
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    • Wed Jun 25th 20:07 PM
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      Energy Inventories
      I believe this report about as much as I do in the "Great Pumpkin" What oil company in their right, but greedy mind, would ever say their inventories are down. Why should they? Because this would expose the truth of the matter and they would have to own up to their lies. Until we purge this pathetic Bush administration out of office this fall, we are never going to make headway with getting to the bottom of the oil crisis. Just think, we were about 575 votes away in the "sunshine state" from having another period of peace and lots of cheap oil. Bush has been nothing short of an absolute disaster for our nation, the Middle East, and the rest of the world. Please. please, no more pathetic republican administrations!
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    • Mon Jun 23rd 23:32 PM
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      The 'Peak Oil' Myth: New Oil Is Plentiful
      Thank you Jason!!! Thank You!! You are the "John the Baptist" that is giving us the truth of the oil situation. You are so dead right on the money. The so called oil crisis is much akin to man who built his house on sand. When you expose the so called crisis, is has no legs to stand on. We have more oil on this planet than we have mosquitoes. Yes, we will run out of oil one day. But by then, our great-great-great-grea... grandchildren will have technology available that far surpasses our wildest dreams. We were duped in the early 70s with false shortages, and we are being duped today by those whose main goal is to shake down the average motorist while they can before being exposed for what they really are. The speculators are 90% of the problem. A great way to bring this theft to a grinding halt would be to enact a tax that would cost speculators 85% of their profits for anything over $65.00 per barrel. I have heard that over 70% of the infamous speculators come from the good ole USA. Some may say that this is interfering with the free market economy. Speculators are the ones that are abusing the free market concept in the absolute worst way.
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    • Sun Jun 22nd 12:26 PM
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      Will a Drop in Oil Trigger a Market Recovery?
      Hello???? Am I hearing this straight?? What in God's green earth will it take to understand just how bad our economy and those of industrialized countries are going to get if oil does not drop to well below the $100.00 to at least $50.00-$65.00 and remain at that level for at least 3-5 years. If this happens, we will see a bull market equal to, or surpass that of the 80's. There is absolutely no way that our economy can withstand oil prices over $100.00 for the long term. For anyone to insinuate that our economy or any industrialized economy can prosper with oil prices over $100.00, must have flunked out of trade school. whether we like it or not, energy is the catalyst that drives our economy. To say otherwise is just plain foolish.
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    • Thu Jun 19th 22:06 PM
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      What Can the Saudis Do to Bring Down Oil Prices?
      Jack:

      I think the Saudis want to bring oil prices down to the $60.00 range. Their currency of choice is the dollar hands down. Also, they have way too much to lose with prices being grossly inflated as they are. They know very well that sooner than later, oil prices in the 3 digit range will create a severe recession like the world has never seen in just about every highly industrialized country on the planet. Most OPEC countries have very little to offer the world except the sale of their oil. What good will it do OPEC and other oil producing countries to have oil prices at $150.00 per barrel if no one can afford to buy it? Consuming countries can no more afford $120.00 per barrel compared to $150.00 for the long term with the end result of their entire economy being shredded to pieces. There needs to be some type of legislation in our country along with the other G-8 countries that puts the brakes to all of the speculators that could give a damn as to whether or not they destroy the economies throughout the world.


      On Jun 19 08:51 PM Jack Yetiv wrote:

      > I think today's announcement from China may help the King in his
      > quest for lower oil prices. But as I have commented previously, I
      > do not believe Saudi Arabia wants two-digit oil prices ever again.
      >
      >
      > With some demand destruction here and in other OECD countries, some
      > moderation in increase in demand from the developing countries (eg,
      > China announcement today), and an extra half million to a million
      > bpd from Saudi Arabia, that combination may just be enough to keep
      > oil in the low $100's ($110-120), a zone which the consuming countries
      > will be thankful for (compared to projections of $150-200) and which
      > the producing countries will be happy with.
      >
      > A so-called "soft landing" of sorts.
      >
      > Jack
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    • Wed Jun 18th 23:19 PM
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      Reasons to Love 3-Digit Oil
      Hello??? If oil hits $240.00 per barrel, who besides Bill Gates, Warren Buffet, and the Bush family will be able to put more than 1/2 a gallon per week in their car? If oil even remotely comes close to $240.00 per barrel, the games over. Oil must drop well bellow $100.00 per barrel to at least $50.00-$60.00 per barrel and stay that way for more than just a few months if our economy is ever going to realize any stability and healthy growth. Whoever lives in the White House for the next 4-8 years must do whatever is necessary to keep oil prices stable at a reasonable price. Very high gas prices will hurt our economy way beyond our worst fears.
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    • Tue Jun 17th 22:23 PM
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      Economics of Oil Futures Trading, Part I
      I cannot see any justification for the price of oil whether it be instant riches for speculators or CEO's needing to buy an extra chalet or two in Aspen. One day we hear that there is a shortage in supply due an ongoing ever increasing demand that is driving the price through the roof. The next day we hear that demand is down in the US, but China and India's demand offsets any drop in US demand. Then the next day we hear that although demand is down in the large industrialized countries, refineries do not have the storage capacity for increased supply thus creating a shortage of supply. It sounds like if one excuse is spot lighted, another pops up in attempt to justifiy the high prices. It sounds like when you catch a child in the act of doing something wrong, they instantly come up with another excuse to stay out of trouble. I hope that OPEC and the Saudi's flood the market to the point where the bottom falls out to the tune of $40.00 for a barrel of crude and all of the greedy speculators get burned to the point to where they will keep a safe distance from bidding on oil futures for a long, long time.
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    • Mon Jun 16th 23:19 PM
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      Oil Hits $140: What Could Trigger a Reverse?
      If oil hits $200.00 per barrel, that will be all she wrote. 1929 will look like a small correction in the economy with what will come to pass. If this keeps up, those speculators that are driving up the cost of oil will find themselves with a pile of useless dollars and in the same terrible place as the rest of us.
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    • Mon Jun 16th 12:32 PM
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      General Discussion on OIL
      I hope that sanity will rule the day soon. I think it is time to pull oil from the futures market and let OPEC and other oil producers and exporters deal directly with oil companies & governments to set a fair price per barrel of oil and this price should be good for at least 6 months to a year. This would surely cut away the "cancer" that is mindlessly eating away at the pocket books of all people that must purchase fuel for their daily livelihoods. The ease of electronic instand access to those that act iressponsible with bidding up the price of oil needs to end now!
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