What's driving the price of oil

[Tom N]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by chasfm11:
Assuming that the "investors" are not financially tied to the oil industry, who has enough money to be buying commodities at that level and sitting on them? </div></BLOCKQUOTE>

Mutual fund managers and pension funds can be major money players.

I certainly hope my pension fund is doing everything to make certain my pension continues and the mutual funds in my portfolio are being manager to maximize my investment with the least about of risk.

-Tom

Maybe there are too many people getting advice from the people that are actually causing the problems.

We need the prices to come down for pet related commodities so what do you say we start the rumor that we are making astronomical amounts of money on the COAL futures market and that the sky is cloudy. There will be a huge run on coal and 50% of the pet market will be unloaded, PRICE DOWN on pet.

[chasfm11]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">I certainly hope my pension fund is doing everything to make certain my pension continues and the mutual funds in my portfolio are being manager to maximize my investment with the least about of risk. </div></BLOCKQUOTE>
I gotta believe that playing in the oil futures market is anything but low risk. Yes, it might be a safe bet that demand is going to continue but we are teetering on some shaky economic ground right now. It is just as possible the people with have to tighten their belts a little and that oil demand will fall farther. It sure looks like the US economic turbulence is being reflected in the world markets. The reason that India and China are expanding is because their biggest customer is buying. If that buying slows down, I suspect that the expansion is going to slow with it.

[Tom N]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by chasfm11:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">I certainly hope my pension fund is doing everything to make certain my pension continues and the mutual funds in my portfolio are being manager to maximize my investment with the least about of risk. </div></BLOCKQUOTE>
I gotta believe that playing in the oil futures market is anything but low risk. Yes, it might be a safe bet that demand is going to continue but we are teetering on some shaky economic ground right now. It is just as possible the people with have to tighten their belts a little and that oil demand will fall farther. It sure looks like the US economic turbulence is being reflected in the world markets. The reason that India and China are expanding is because their biggest customer is buying. If that buying slows down, I suspect that the expansion is going to slow with it. </div></BLOCKQUOTE>

Would you agree gold is limited in quantity, very valuable and a good investment in times of economic instabilty?? Why do they call oil, BLACK GOLD??

-Tom

[Lukeaa]

I suspect the "invisible hand" will get involved in this, as soon as it is through with the subprime issue.