JREwing

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

Oh yes jason, laws.

Let's make some laws. Considering the guys, who make the laws, I am not looking forward to this.

Let's take away some freedom in order to make little jjason feel better. Socialists of the world unite! You guys are really little people in more than one sense.

The US once almost regulated itself to death. Let's do that again. That makes sense. Let's have every part of our lives regulated by the government. I am sure this will be an improvement.

Commodity bubble proponent

Goldman has tank farms? How desperate are you? I bet they have tanks deep beneath Manhattan where they a re hoarding trillions of megatons of oil in order to make you suffer. MUHAHAHAHA!

Dude, You should see someone about that.

This site is full of commentators and contributers who want to take part in the capital markets. As soon as the market doesn't do what they want it to do, they turn communist and demand regulation and taxation.

That is the behavior of a loser. There are some commentators who argue with logic and valid facts and numbers. However most folks around here simply are great reminders of the fact, that democracy is not perfect.

I will delete SA from my favs and will never again go to this site.

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

What has the housing bubble to do with the amount of land?

I just said oil won't crash. A lot of people can afford it. Doesn't seem to me, that gas is too expensive. As long as there are people drag racing towards red lights, I guess there is some upside left.

The economy is either going to adapt by a more efficient use, or it will go to hell. Big Deal.

It astonishes me every day, how worked up people get, when it comes to oil.

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

Capitalism rules.

Oil won't crash. Looks to me like some of those 'Third World' guys are in a better position to afford the stuff, than us.

How can something finite last forever?

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

Baltic Dry is almost at a new high, Singapore's economy seems to be doing fine, so is Japan and Indonesia, even Germany... all despite a so called US recession (still waiting for that one).

THERE IS JUST NO REASON IN THE WORLD, WHY OIL SHOULDN'T BE WHERE IT IS!

Crude Oil: Congress Acts, Iran Hoards, RTX Soars

I am so relieved. Now that congress acts, things must be getting better. (sarcasm)

Calling this act a farm bill is a contradiction in terms. If politicians around the world haven't regulated the agricultural sector to death for decades, there wouldn't be a shortage of food, today.

Every time some fool in some government tries to make food (or oil for that matter) cheaper than it would be normally, they make it more expensive, because they take away the incentive from the producers to produce more.

Then they have to subsidize farms and make food more expensive once again, because - unbelievably but true - taxpayers eat, too.


About the new refineries in India:

Reliance is gonna make a killing on those big boys.

Assuming demand for petroleum products will be flat until the end of time, we should be fine. I guess this justifies 10$ oil. (sarcasm again)

About the Russians:

The Lukoil boss said, that russian crude production will peak this year, and then fall. He didn't say it already happened. I going to believe him more than some Russian government dude. Wouldn't believe one of those, if he said water was wet. (Not sarcasm)

And if the Russians want to give a tax incentive for more oil production, why did they hike the export tax once again in April?