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Old 06-19-2009, 12:13 PM
noonereal noonereal is offline
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Demand goes down, price goes up

http://www.google.com/hostednews/ap/...kd1kgD98TRAK00

Does anyone else think that oil speculators should be called before congress?

Does not sound like supply and demand to me.
Last year we had $4.50 a gallon gas with a supply surplus, go figure.

Fair profit for investment? I don't think so.
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Old 06-19-2009, 04:15 PM
Charles Charles is offline
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Posts: 10,348
Oil Speculation

Just read that the price of gasoline on the big board is starting to drop. The speculators who have been driving the price up are going to get it busted off in their asses.

Warren Buffett took a real beating when he bought Conoco.

Chas
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