Brad_West

Incorrect Media Speculation About Those Oil Speculators

I like your number one reason Ray. Key word is "perceived". Who has been laying out the preception and scaring the heck out of people to invest in oil because they "perceived" it will go up. How does Goldman predict $125 and poof...the same day it shoots up $7 to get to exactly $125. Such bull crap. I agree with the weak dollar, but did you happen to notice that the dollar goes down when oil goes up and it is not that oil goes up when the dollar goes down so you can blow that thought from your head because oil moves before the dollar does...you can check that if you don't believe me. Off shore drilling maybe a vodoo trick but ya know it would have worked. I think that is the real reason for this whole thing. The white house wants it and had there bank pals that lost there butt try to get it done in return for them getting bailed out by the federal reserve and the money made off the stocks. Who went short you ask...well supprisingly the other sectors of the banks. They went long and short, because it had to be a ballence to keep eyes off of it. People are blind if they cannot see htat