Jack B.

What’s the Right Price for Oil?

Very good comments.. Ala -60 minutes and the fromer Enron now Morgan Stanley crooks...


On Feb 11 05:57 PM ricardomarcos wrote:

> what isn't factored in here is that even those prices last year weren't
> fuelled 100% by demand. There was a big inflow of cash from into
> the commodities markets as the financial sector, flush with cash
> from pyramiding off of mortgages with derivatives, sought to stash
> their money in "sure" commodities futures. All those investors, like
> all others, snowballed to create the astronomical prices of last
> year. So we did have a bubble. Now of course we're running low on
> oil. Of course demand will decline however long this depression plays
> out. And of course the interplay of going green and the normal growth
> in demand for oil will make things interesting. But really, my guess
> is, just with last year's figures, oil should've been at 70-80, without
> the speculators. That, after all is the likely price when substitution
> with other energy products kicks in.