Home › Forums › Financial Markets/Economics › Now tell me the Fed is not causing the current commodity crisis.
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(former)FormerSanDiegan.
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May 21, 2008 at 11:07 PM #209641May 21, 2008 at 11:15 PM #209500
Arraya
Participantwell if you can’t trust an oil exec who can you trust, right LOL
Actually I would call that somewhere between delusional optimism and lying.
May 21, 2008 at 11:15 PM #209563Participantwell if you can’t trust an oil exec who can you trust, right LOL
Actually I would call that somewhere between delusional optimism and lying.
May 21, 2008 at 11:15 PM #209593Participantwell if you can’t trust an oil exec who can you trust, right LOL
Actually I would call that somewhere between delusional optimism and lying.
May 21, 2008 at 11:15 PM #209613Participantwell if you can’t trust an oil exec who can you trust, right LOL
Actually I would call that somewhere between delusional optimism and lying.
May 21, 2008 at 11:15 PM #209646Participantwell if you can’t trust an oil exec who can you trust, right LOL
Actually I would call that somewhere between delusional optimism and lying.
May 21, 2008 at 11:19 PM #209515capeman
ParticipantThat was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
May 21, 2008 at 11:19 PM #209579ParticipantThat was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
May 21, 2008 at 11:19 PM #209607ParticipantThat was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
May 21, 2008 at 11:19 PM #209627ParticipantThat was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
May 21, 2008 at 11:19 PM #209661ParticipantThat was the point of presenting this plot. It shows that demand may not be a major driver in current pricing.
How does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
I can plot the Fed liquidity input vs. USO and the argument for an Oil price bubble gets even more blatant.
May 21, 2008 at 11:30 PM #209520ParticipantHow does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
How does it not. It provides the same amount of BTUs as a athletic human working a 40 work week for one year and is becoming scarce.
It’s been priced too low for too long. The market never had a proper mechanism to price it in the first place. And industrial world is waking up to how valuable it is.
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
Oil is very in-elastic and at this point in technologic history irreplaceable. There is no spare capacity like there used to be minor disruptions cause huge spikes. It’s just the way oil works.
Actually right now we have diesel shortages brewing which we are seeing pop up in
If memory serves chinas consumption has been growing between 5 and 10% since 2000. I’m not sure where india is.
Like I said DECLINING NET EXPORTS. We are 4.1% down from 06. Any increase in demand will raise prices quite substantially.
Just wait until world production starts to decline. They will have to impose price controls and rationing.
May 21, 2008 at 11:30 PM #209584ParticipantHow does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
How does it not. It provides the same amount of BTUs as a athletic human working a 40 work week for one year and is becoming scarce.
It’s been priced too low for too long. The market never had a proper mechanism to price it in the first place. And industrial world is waking up to how valuable it is.
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
Oil is very in-elastic and at this point in technologic history irreplaceable. There is no spare capacity like there used to be minor disruptions cause huge spikes. It’s just the way oil works.
Actually right now we have diesel shortages brewing which we are seeing pop up in
If memory serves chinas consumption has been growing between 5 and 10% since 2000. I’m not sure where india is.
Like I said DECLINING NET EXPORTS. We are 4.1% down from 06. Any increase in demand will raise prices quite substantially.
Just wait until world production starts to decline. They will have to impose price controls and rationing.
May 21, 2008 at 11:30 PM #209612ParticipantHow does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
How does it not. It provides the same amount of BTUs as a athletic human working a 40 work week for one year and is becoming scarce.
It’s been priced too low for too long. The market never had a proper mechanism to price it in the first place. And industrial world is waking up to how valuable it is.
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
Oil is very in-elastic and at this point in technologic history irreplaceable. There is no spare capacity like there used to be minor disruptions cause huge spikes. It’s just the way oil works.
Actually right now we have diesel shortages brewing which we are seeing pop up in
If memory serves chinas consumption has been growing between 5 and 10% since 2000. I’m not sure where india is.
Like I said DECLINING NET EXPORTS. We are 4.1% down from 06. Any increase in demand will raise prices quite substantially.
Just wait until world production starts to decline. They will have to impose price controls and rationing.
May 21, 2008 at 11:30 PM #209633ParticipantHow does more than a doubling of crude prices in a 9 month period demonstrate fundamentals?
How does it not. It provides the same amount of BTUs as a athletic human working a 40 work week for one year and is becoming scarce.
It’s been priced too low for too long. The market never had a proper mechanism to price it in the first place. And industrial world is waking up to how valuable it is.
Chindia’s consumption hasn’t gone up that much and if it has then we’ll be seeing $400 a barrel in about a year at that rate.
Oil is very in-elastic and at this point in technologic history irreplaceable. There is no spare capacity like there used to be minor disruptions cause huge spikes. It’s just the way oil works.
Actually right now we have diesel shortages brewing which we are seeing pop up in
If memory serves chinas consumption has been growing between 5 and 10% since 2000. I’m not sure where india is.
Like I said DECLINING NET EXPORTS. We are 4.1% down from 06. Any increase in demand will raise prices quite substantially.
Just wait until world production starts to decline. They will have to impose price controls and rationing.
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