Off Topic: Article “The great oil bubble has burst”

[svelte]

[quote=jficquette]Arraya,
I still feel speculation/manipilation was the main driver that pushed oil up to 147 or so.
[/quote]

For once you and I agree on something, John.

I don’t how anybody could watch the events this year – especially the last few weeks – and not come to that conclusion.

Though I may be totally off base here, I have two theories on why speculation may have run rampant:
1) Investors were trying to figure out where to stash their money – housing looks bad, stock market looks bad, gotta put it somewhere! Why not oil?

2) I wouldn’t put it past some of the other countries who are very unhappy with the current US political climate to try and influence the upcoming election by artificially increasing the price of oil through speculation to attempt to tilt the field toward the Dems. I have absolutely zero proof – just a hunch.

I usually don’t go for conspiracy theories but I’m making an exception in this case. 🙂

[jficquette]

Arraya,

I agree with you pretty much 100% however I don’t think that the price of oil was maniplated to affect the political climate here in the US. I think it was just pure greed. I really feel that Russia was the primary manipulator, along with Wall Street.

I do not think that price of oil would have gotten this high if we had had an energy policy in place oriented to developing our own reserves. Not so much for the additional oil as for how it would affect the market psychology.

Thanks,

John

[jficquette]

Arraya,

I agree with you pretty much 100% however I don’t think that the price of oil was maniplated to affect the political climate here in the US. I think it was just pure greed. I really feel that Russia was the primary manipulator, along with Wall Street.

I do not think that price of oil would have gotten this high if we had had an energy policy in place oriented to developing our own reserves. Not so much for the additional oil as for how it would affect the market psychology.

Thanks,

John

[jficquette]

Arraya,

I agree with you pretty much 100% however I don’t think that the price of oil was maniplated to affect the political climate here in the US. I think it was just pure greed. I really feel that Russia was the primary manipulator, along with Wall Street.

I do not think that price of oil would have gotten this high if we had had an energy policy in place oriented to developing our own reserves. Not so much for the additional oil as for how it would affect the market psychology.

Thanks,

John

[jficquette]

Arraya,

I agree with you pretty much 100% however I don’t think that the price of oil was maniplated to affect the political climate here in the US. I think it was just pure greed. I really feel that Russia was the primary manipulator, along with Wall Street.

I do not think that price of oil would have gotten this high if we had had an energy policy in place oriented to developing our own reserves. Not so much for the additional oil as for how it would affect the market psychology.

Thanks,

John

[jficquette]

Arraya,

I agree with you pretty much 100% however I don’t think that the price of oil was maniplated to affect the political climate here in the US. I think it was just pure greed. I really feel that Russia was the primary manipulator, along with Wall Street.

I do not think that price of oil would have gotten this high if we had had an energy policy in place oriented to developing our own reserves. Not so much for the additional oil as for how it would affect the market psychology.

Thanks,

John

[jficquette]

Here is an article discussing Iraq’s renewed effort to search for new reserves.

“The International Energy Agency, in a report released in mid-2006, said only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields.”

John

http://www.breitbart.com/article.php?id=080808154416.uocmqv78&show_article=1

[jficquette]

Here is an article discussing Iraq’s renewed effort to search for new reserves.

“The International Energy Agency, in a report released in mid-2006, said only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields.”

John

http://www.breitbart.com/article.php?id=080808154416.uocmqv78&show_article=1

[jficquette]

Here is an article discussing Iraq’s renewed effort to search for new reserves.

“The International Energy Agency, in a report released in mid-2006, said only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields.”

John

http://www.breitbart.com/article.php?id=080808154416.uocmqv78&show_article=1

[jficquette]

Here is an article discussing Iraq’s renewed effort to search for new reserves.

“The International Energy Agency, in a report released in mid-2006, said only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields.”

John

http://www.breitbart.com/article.php?id=080808154416.uocmqv78&show_article=1

[jficquette]

Here is an article discussing Iraq’s renewed effort to search for new reserves.

“The International Energy Agency, in a report released in mid-2006, said only 10 percent of Iraq has been explored for oil and 60 percent of proven reserves are in undeveloped fields.”

John

http://www.breitbart.com/article.php?id=080808154416.uocmqv78&show_article=1

[equalizer]

I think I posted somewhere about oil peaking on Memorial Day, but it actually peaked on 4th of July. Looking back last few years oil peaks in the spring during the change to summer fuel. Just a lot more speculation this year pushed it higher and into the summer.

[equalizer]

I think I posted somewhere about oil peaking on Memorial Day, but it actually peaked on 4th of July. Looking back last few years oil peaks in the spring during the change to summer fuel. Just a lot more speculation this year pushed it higher and into the summer.

[equalizer]

I think I posted somewhere about oil peaking on Memorial Day, but it actually peaked on 4th of July. Looking back last few years oil peaks in the spring during the change to summer fuel. Just a lot more speculation this year pushed it higher and into the summer.

[equalizer]

I think I posted somewhere about oil peaking on Memorial Day, but it actually peaked on 4th of July. Looking back last few years oil peaks in the spring during the change to summer fuel. Just a lot more speculation this year pushed it higher and into the summer.

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