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And I'm Sure We've All Noticed How Oil Prices Are Vaulting Up Again . . .

Discussion in 'Anything goes' started by Ben_Hecht, Jan 5, 2012.

  1. Ben_Hecht

    Ben_Hecht Active Member

    . . . in the all-too-predictable the-coming-of-spring cycle.

    Call your broker and go long, now. Anyone who gets in the way will be run over, in the traditional fashion.

    Rule #1 in speculation: Do NOT get in the way of The Big Swing.
  2. Oggiedoggie

    Oggiedoggie Well-Known Member

    I went long on wiener futures, but it all ended up going wrong, horribly wrong.
  3. micropolitan guy

    micropolitan guy Well-Known Member

    Somebody sneezed in Iran. And even though the Saudis have promised to ramp up production to make up for anything the Iranians pull off the market, the speculators drooled because they could screw the public again.

    And US producers are exporting record amounts to China and India, which is keeping the price artificially high here. Big oil says we need to drill more domestically to stop us from relying on foreign oil, then they export more than half of what we produce here because they can charge a higher price for it.
  4. NickMordo

    NickMordo Active Member

    Gas up 10 cents around here, not going down any time soon it looks like.
  5. Pancamo

    Pancamo Active Member

    Paid $3.19 Tuesday morning. Drove past the station today and it was at $3.45.
  6. Batman

    Batman Well-Known Member

    It was under $3 ($2.96) early last week here. By mid-week it was at $3.09. Yesterday it was at $3.19. That's price-gouging type spikes, except there's no crisis so it's just what the market dictates.
  7. Azrael

    Azrael Well-Known Member

    I drowned our broker in the galvanized tub we use to hand wash the laundry of the rich.
  8. Second Thoughts

    Second Thoughts Active Member

    Yes I noticed this last week when I saw the article that said "Consumer confidence back on the rise." The next day oil prices went up.

  9. Ben_Hecht

    Ben_Hecht Active Member

    " . . . RAMMING . . . SPEED . . . "
  10. podunk press

    podunk press Active Member

    I think we can blame Iran for most of this.

    And our addiction to oil for the rest.
  11. Bubbler

    Bubbler Well-Known Member

    The latter is valid, the former is an excuse for speculators to fuck with the livelihood of everyone on the planet.
  12. bigpern23

    bigpern23 Well-Known Member

    Prices jumped $.15 here since yesterday to $3.59.
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