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You have no proof for any of your arguments...but it was funny when u used a fake voice for the guy u heard on the radio...
Morgan stanley does not have more power than OPEC. Just like real estate speculators were using excuses for all the gobbling up a few years ago..current demand, projected use and the specualtion of demand vs inventories that makes the market. Put ur money where ur bitching is, buy or short oil..just STOP complaining, but keep up the fake voice quotes...that is funny ish.
satoshiface 3 years ago
Thanks for the "ish". I guess one persons observations rate a whining to another. My point is that in this specific instance, Morgan Stanley cause a $10 hike by issuing a press statement speculating what might happen a few months down the road. I think that was a perfect example of how the market is broken. Please don't come back with all the market rules the price either because I don't see that economic model working in the oil markets.
If you like that voice, wait till you hear "Taliban Man"
JohnTheWudman 3 years ago
article on Aug 1st states that obama is now open to offshore drilling (flipflop?)...whatever, Oil will go down on Monday..Inflated price of oil is because of projected inventories vs demand.... Please watch mondays oil price, then u will have to rename this article to "speculation of oil is more powerful than OPEC"...Or u could thank bush for saying current admin backs drilling, but u will probably say it was obama...i'll wait and see...
satoshiface 3 years ago
As far as the speculation issue, I can disagree with the assertion you made above. That was my point. We are to believe that in months, additional offshore oil will drive the price per barrel down? Reports suggest the culprits for $130 oil is Asian consumption, lack of refinery capacity, & the value of the dollar. Reports say supply exceeds demand now. Both are spinning BS for votes, but can either speculate the price down? I think we will just have more $100+ barrels of oil in surplus.
JohnTheWudman 3 years ago
do u still disagree?....no drilling yet but democrats say thats it's ok to back drilling now and what do we see, oil fall 20% in the last month..10 points this week!... Put your paranoia and emotions in check and u could be a good analyst......SPECULATION is the culprit, not New World Order, Morgan Stanley or Oil Companies like Obamo who is riding the pubic opinion wave and purely political stunt....
satoshiface 3 years ago
It seems that you either watched the video and didn't understand, didn't watch the video at all or just are looking to pick a fight. What is with this "new world order"? Once more, the whole point is that the speculators have been ruling the market. Morgan Stanley speculated the price up. FYI, the supply was temporarily up and the dollar moved up a bit as well.
The respite is temporary and after the election the price will climb again unless winter is very mild. If we have a real winter...
NakedManBlogging 3 years ago
Foreigners are not screwing over Americans, oil companies are just taking advantage of what they know Americans will pay, and believe in if they are feed the right brand of BS. Oil companies view environmentalists as a tool for repression, and can often use them as such. That's a problem of the environmentalists, not a recognition of what the markets do.
msbehavior2003 3 years ago
He recognizes that environmentalists have no political platform, and never have. It is like they are children waking up in an adult bookstore. He dates the first test of American oil hysteria pretty accurately, and now .. . . and he is honest about how big oil has progressed rather than retreated during this period. Hardly a surprise considering their donations to both parties that control us. His discourse is quite significant.
msbehavior2003 3 years ago
It is the speculators, speculators recently cut loose from real estate leverages, now speculating in oil. What the homeowner treasured for the past 6 years, has just shifted focus to oil, energy, and food. That's the marketplace, ruthless, and unconcerned about who gets hurt. It is time people woke up and recognized where their problems come from, that's the first step in doing something about it, it that's possible at all.
msbehavior2003 3 years ago
ANARCHY in the markets, no anarchy, simply business as usual, why is anyone amazed? This is business as usual in the world of speculation. This man is really rather bright, quite well informed, but please don't say it is anarchy, he has the history down. And that is 90% of the battle. He understands the price fixing that has gone one on for over 30 years. Bravo. Th source of the oil does not control the final price.
msbehavior2003 3 years ago