« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

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

By: capt_nemo in POPE IV | Recommend this post (2)
Thu, 03 Mar 16 11:11 AM | 88 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 04356 of 47202
(This msg. is a reply to 04348 by micro)

Jump:
Jump to board:
Jump to msg. #

Loans I guess, for a falling knife LOL




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
- - - - -
The above is a reply to the following message:
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

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.


« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next