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Re: Oil Prices â�� Out of Whack With Reality? Gas Consumption Plummets 

By: micro in CONSTITUTION | Recommend this post (1)
Thu, 05 Jan 12 8:53 PM | 55 view(s)
Boardmark this board | Constitutional Corner 		Msg. 16763 of 21975
(This msg. is a reply to 16757 by capt_nemo)
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Capt,

My suspicion is and always has been that there are forces from within the federal government that drive up the price of oil willfully and indescriminately.

Quite right there is something very much amiss in reflecting oil price with gas consumption and the Commodities exchanges show those prices daily.

This is the administration that said it wants US GAS prices above $4.00 per gallon and higher and they will stop at nothing to get their wish.

Hence, the refusal for the keystone pipeline. Why else would you delay bringing in crude oil from Canada via a pipeline which slashes transportation costs and allows us to purchase energy at very low prices for domestic use?

Only one reason. They want to funnel money to phoney GREEN scams and Chevy Volts, the most worthless vehicle on the planet followed closely by the Nissan Leaf.

Oh well, I shouldn't get started. Bad for my blood pressure.

micro....

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The above is a reply to the following message:
Oil Prices – Out of Whack With Reality? Gas Consumption Plummets
By: capt_nemo in CONSTITUTION
Thu, 05 Jan 12 7:39 PM 		Msg. 16757 of 21975

January 5, 2012 9:45 am

What will be the reason this time for oil prices to increase. Iran is the focus these days, even as the DOE inventories have show sustain gains over the past few weeks. So, we know that it is not the lack of oil that is driving up prices.

Perhaps it is the global growth story that has many traders betting on the fact that there will be a great demand on the way. Of course we would have to make the assumption that there was actually global growth for that argument to hold up.

Anyway you want to look at it, the facts are the facts. Less consumption of oil products are increasing invetories and the rules of supply and demand will eventually take hold. Either we will see demand pick up, or oil prices should drop.

Of course if there is action taken by Iran to stop the flow of oil, or if there is any supply constraint imposed on the importing of Iranian oil to the U.S., we could be in for a real problem, right? Well, actually the fact is that the U.S. does not get a whole heck of a lot

http://www.thedisciplinedinvestor.com/blog/2012/01/05/oil-prices-out-of-whack-with-reality-gas-consumption-plummets/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29

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