G. L. Turner

Gasoline and Diesel Fuel Prices: Scaring Investors in Time for Halloween

Once again the name gov sachs jumps up in an article as the "culprit" behind a sinister group that is 'messing with the markets', moving them away form fundamentals and controlling them for personal gain.

What Bob is citing above is "the way it is suppose to work" - you know, natural industry (inventory tax) and seasonal cycles.

The problem ow is this...GS, JPM and MS and seen how they can corral as little as $9BN and situated it in the energy futures market and then sit back and move the price up or down...have you noticed how the Oil and Gas has moved smoothly in cycles of $10 - $63 to $74, and RBOB between $165 and $2.07, in 2 to 4 week swing directions since March..all the time the fundamentals not changing, but with 'excuses' derived form any and all upticks in economic news or mild swings in the currency? See, this alows for them to 'push' up the prices based on these tidbits for two weeks, and then short back the prices after others have flowed in, leaning back on the s/d funda argument for a couple of weeks...only to do it all over again the next month...Just like paying a sweet violin.

How do you like the concert America, just when you are struggling to get back on your feet and the price of gasoline is the fastest and best way to either help or hurt 95% of all Americans, Government and Small to Mid-size business...
Time for this sad song/concert and now new business style to go away!

Where is our CFTC regs we were promised by Obama?....Getting short on patience with that dude too, now.

Is There a Bounce Opportunity in the Energy Sector?

Why do the dimwitted Republicans think Obama and the Dems are going to tax the Oil companies to death..give me a break...What they will do is remove the give away tax the Bushie Boy insisted they have in 2005 'for developing alternative' fuels/sources of energy - that THEY HAVEN"T DONE...The oil companies make reasonable normal profits, based on returns on sales, but they just rake in so much money based on volume but it seems obscene.

10 Notes on the Crude Oil Fixation

Today, it was reported that the Commodity Index Funds now hold $1 Billion of Crude Futures....that is 100 billion barrels..of long oil, my friends...and you wonder why oil is $136 today...they don't have enough purchaser/users to pick up their contracts, so they have to keep adding to the price to bring in more money to swap/roll thier contracts...

Won't matter how much oil we drill or the Saudis pump, untill these new, enormous maverick stock funds get out the commodity futures markets, there is going to be TOO MUCH MOENY Chasing OIL and the other commodities and we will see nothing but outrageous prices!!

10 Notes on the Crude Oil Fixation

Today, it was reported that the Commodity Index Funds now hold $1 Billion of Crude Futures....that is 100 billion barrels..of long oil, my friends...and you wonder why oil is $136 today...they don't have enough purchaser/users to pick up their contracts, so they have to keep adding to the price to bring in more money to swap/roll thier contracts...

Won't matter how much oil we drill or the Saudis pump, untill these new, enormous maverick stock funds get out the commodity futures markets, there is going to be TOO MUCH MOENY Chasing OIL and the other commodities and we will see nothing but outrageous prices!!

YG