Replies to Msg. #960304
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 Msg. #  Subject Posted by    Board    Date   
04356 Re: Art Berman Sees Oil Heading To $16, Will Lead To "Banking Bloodbath"
   Loans I guess, for a falling knife LOL
capt_nemo   POPE IV   03 Mar 2016
11:11 AM
04351 Re: Art Berman Sees Oil Heading To $16, Will Lead To "Banking Bloodbath"
   micro, I think the big deal was that high priced oil caused the cr...
DGpeddler   POPE IV   03 Mar 2016
3:39 AM

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Re: Art Berman Sees Oil Heading To $16, Will Lead To "Banking Bloodbath"

By: micro in POPE IV
Thu, 03 Mar 16 2:36 AM
Msg. 04348 of 47202
(This msg. is a reply to 04336 by capt_nemo)
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Call me dense, but I fail to see why a commodity like the price of oil has such an impact on banking.

These merciless oil companies didn't mind when oil on the traded markets was being manipulated ever higher and then the price of gasoline was going up due to that.

WHY is a traded commodity price got ANYTHING to do with a contractual agreement between a SUPPLIER of oil and the Processor of the oil?

Here's what I am willing to sell it at, and here is what you agree to pay for it. WHY do people who want to speculate have ANY effect on that?

I am all ears.