[Beignet2]

http://www.patriotledger.com/business/x ... ices-ahead



Just received this from a friend. Haven't heard of this site before, but I thought I would pass it on.

[rdsaltpower]

I saw that story myself. Mindblowing!

[Armageddon]

Could this bankrupt Russia, Venezuela, and the Middle East ? This reminds me of how the Cold War was won too.

[smallpoxgirl]

Everybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?

[Armageddon]

Everybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?

Good question. Maybe there is too much money driving it down ? Hell, you got me. I can't make any sense out if it.

[GoghGoner]

Everybody keeps blaming this on speculators. Here's my question.

If the price rise was as simple as a bunch of speculators driving it up, why on earth doesn't OPEC bankroll a bunch of speculators to run it back up?

This article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.

Time article

[Snik]

Markets are never only about supply and demand. Markets are made of people, and they behave as such. Hence, markets move contrary to fundementals, or beyond what fundementals dictate. After a certain point it's all about emotion, sometimes to the point of panic. That panic can be a buying panic, or a selling panic. We are in a selling panic right now. Fortunately the markets are not always in a panic mode, but when they are you can't really predict how high, or how low they will go.

[jasonraymondson]

Markets are never only about supply and demand. Markets are made of people, and they behave as such. Hence, markets move contrary to fundementals, or beyond what fundementals dictate. After a certain point it's all about emotion, sometimes to the point of panic. That panic can be a buying panic, or a selling panic. We are in a selling panic right now. Fortunately the markets are not always in a panic mode, but when they are you can't really predict how high, or how low they will go.

That sound like this.

(We don't have a fucking clue)

(We are just guessing here folks)

[Snik]

You got it.

[smallpoxgirl]

This article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.

Right. It's about peoples emotions and expectations around supply and demand. My point was basically that if this was a simple issue of speculators driving it up and down to make a profit, it's pretty obvious that both OPEC and the US government have a lot more money than any collection of speculators. They'd both be elbow deep in manipulating the market. Instead, they apply leverage where it can actually work - By trying to impact peoples emotions and expectations about supply and demand.

[RedStateGreen]

Two words: market manipulation.

[Sixstrings]

Oh, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip

[cbxer55]

Oh, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip

And while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?

[eastbay]

Oh, $1 per gallon would be niiiice.. nostalgiac.. time for a cross country RV trip

You may not have long to wait. Only 36 cents lower and your wish will be true.

[Sixstrings]

And while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?

Lol, it's funny you say that. I was going to take a trip when gas was $4 a gallon.. it was going to be expensive, but I love the comfort of an RV. But I ended up nixing the trip cuz I was *convinced* gas would shoot to $6 when it came time for the return leg.

[Revi]

I think this price crash is evidence of how bad things are. They have to keep driving the price lower just to get people to buy it. We are in a deflationary depression. So many people have dropped out of the market that they can't buy gas even if it's a dollar a gallon. I think we may be near the bottom, but we'll have to see.

Funny, when Bush got in gas was selling for $1.46 a gallon. Now that he's leaving it's back there again.

[cbxer55]

And while you are on the other side of the country, it rockets back up to $4.00+ per gallon! Then whatcha gonna do?

Lol, it's funny you say that. I was going to take a trip when gas was $4 a gallon.. it was going to be expensive, but I love the comfort of an RV. But I ended up nixing the trip cuz I was *convinced* gas would shoot to $6 when it came time for the return leg.

An old Wile E. Coyote saying. "A wise decision my friend. You have just saved yourself from a fate worse than the frying pan!" LOL
Operation Rabbit Around about 4:10

And remember, mud spelled backwards, is DUM! LOL

[threadbear]

This article written last September argues that is what happens. If that was true why wouldn't they just jump in now, though. I guess that is what you were asking. I guess it doesn't pass the smell test. I don't think it is completely about supply and demand either.

Right. It's about peoples emotions and expectations around supply and demand. My point was basically that if this was a simple issue of speculators driving it up and down to make a profit, it's pretty obvious that both OPEC and the US government have a lot more money than any collection of speculators. They'd both be elbow deep in manipulating the market. Instead, they apply leverage where it can actually work - By trying to impact peoples emotions and expectations about supply and demand.

This is what I've been saying for Y-e-a-r-s.

[aahala2]

Funny, when Bush got in gas was selling for $1.46 a gallon. Now that he's leaving it's back there again.

Not foreseen, but forseeable. If you had known about "Peak Bush". The curve first rises, then levels off and yada yada yada.