Jerbear

Speculation and the Price of Oil

What did he say?

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

smith34m
We have needed an energy policy for many years. I have absolutley zero confidence that this government can produce a workable document of this kind. Look at their record.

Our Congress has the perfect system for doing nothing and getting away with it. They just blame one another for not getting anything done and the American people buy it.

Both sides love this system and they will never change it.

They work very few hours, get big paycheck, huge pensions, lots of perks and live the life of a Rockstar.

Nothing will change as long as we have this two party system in place. Every incumbent needs to be removed.

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

The media has always had a bias towards negative news. They love putting these stories out there. Doomsday stories sell. I know I get caught in their embrace.

If Tony Hayward is right,. we just need to watch for the top and make money at the exits.

The Reverse Wealth Effect

Thanks rigel,
With all the political rhetoric we forget how depended we are on one another.

Why the Oil Spike?

What happened to the mutual destruction strategy the USA had with Russia during the cold war. And probably still has for all anyone knows.

We park a couple of nuclear submarines and frigates off their coast and tell them they get 10 for every 1 they fire.

The Reverse Wealth Effect

Is it possible that Saudi arabia, Iran, Russia, Venezuela and others could manipulate the oil commodities market to such an extent that they can control the price of oil and tank the US economy??

There are intelligent people out there suggesting such a thing. The Hunt Brothers tried to corner silver but they had to buy the silver. The Saudis and other already have the oil.

I don't know enought about commodities markets to know. How about one of you experts telling me.