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Old 02-23-2012, 06:03 AM   #1
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Wall Street does it again to oil prices

Here is an article from today's paper.

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Old 02-23-2012, 06:20 AM   #2
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Speculation huh? So why are they speculating oil is going to up instead of down? Could it be a supply problem? Dependency on a middle east full of morons in some misguided environmental clap trap theory for America and the rest of the free world to reject their own energy supply needs? To reject every pipeline and oil well proposed only to run off to the middle east to bow to some stinking king? A failure to plan for our energy needs while embracing an irrational belief that solor panels and windmills can replace our chief source of reliable energy? No, it couldn't be any of those things, damn those dirty speculators, yeah, yeah, lets go with that!
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Old 02-23-2012, 07:28 AM   #3
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just remember when our 401k's rose up during tge the late 90's and early 2k's that was driven by speculation some what as well
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Old 02-23-2012, 07:38 AM   #4
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Well Iran just cut the UK and France off their export list. That doesn't help.
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Old 02-23-2012, 07:42 AM   #5
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Quote:
Originally Posted by jlyon69
Well Iran just cut the UK and France off their export list. That doesn't help.
They had already stopped buying from them as stated in the article I posted. Iran was trying to flex some muscles they no longer had.
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Old 02-23-2012, 07:48 AM   #6
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They had already stopped buying from them as stated in the article I posted. Iran was trying to flex some muscles they no longer had.
Couldnt read the article with the irv app and only heared this on the news, thanks for the update.
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Old 02-23-2012, 07:49 AM   #7
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Originally Posted by jlyon69

Couldnt read the article with the irv app and only heared this on the news, thanks for the update.
Off topic but what device are you using? My iPhone shows it on the IRV2 app.
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Old 02-23-2012, 07:55 AM   #8
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Originally Posted by Clifftall

Off topic but what device are you using? My iPhone shows it on the IRV2 app.
Android. It shows any pic/attachment, it's just that it was too small to read anything but the headine.
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Old 02-23-2012, 08:22 AM   #9
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Reason #1: we the US voter elect business unfriendly officals[moderator edit]

#2: supply and demand, OPEC countries control this dynamic partly because of reason #1.

3#: global geopolitical instability(Iran, etc)

#4: Oil, and most commodities, are priced in US$. When the US$ goes down, they go up.

Take advantage of the above by trading in the US stock market.

I was able retired at 50 yrs of age because I long ago learned to live well within my means so as to SAVE$(no debt) and work(not buy and hold) my $ in the US stock markets.
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Old 02-23-2012, 08:27 AM   #10
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Well Iran just cut the UK and France off their export list. That doesn't help.
Britain gets 0% and France 3%. Hardly market moving numbers. Looks like speculators at work'
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Old 02-23-2012, 08:35 AM   #11
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Britain gets 0% and France 3%. Hardly market moving numbers. Looks like speculators at work'
That's all I was trying to point out. Looks like this thread won't last long as some need to inject politics in it.
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Old 02-23-2012, 08:40 AM   #12
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Originally Posted by lonestarace
Reason #1: we the US voter elect business unfriendly officals[moderator edit]

#2: supply and demand, OPEC countries control this dynamic partly because of reason #1.

3#: global geopolitical instability(Iran, etc)

#4: Oil, and most commodities, are priced in US$. When the US$ goes down, they go up.

Take advantage of the above by trading in the US stock market.

I was able retired at 50 yrs of age because I long ago learned to live so as to SAVE$(no debt) and work(not buy and hold) my $ in the US stock markets.
Ditto here. Gas prices go up, so do my oil stocks.... More than makes up the difference. I retired at 51 (9 years ago). When the bottom dropped out in 08, I got out before it got bad. In mid 09 I loaded up on apple @ 150. Looks like it will hit $515 today.
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Old 02-23-2012, 09:06 AM   #13
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"Speculation" is a pejorative for commodity trading. It enabled us to no longer be subsistence farmers. Without it high risk industries aren't viable when markets fluctuate wildly as they are doing now.

I beg of you, don't fall victim to talking points of this sort without carefully thinking things through. That just advances political agendas that are far from being in our best interests.
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Old 02-23-2012, 09:20 AM   #14
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[QUOTE="jlyon69"]

Ditto here. Gas prices go up, so do my oil stocks.... More than makes up the difference. I retired at 51 (9 years ago). When the bottom dropped out in 08, I got out%
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