Fuel prices gone wild !!

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Old May 17, 2004 | 01:31 PM
  #21  
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I dont want to get into a political debate, But how does the president effect what opec does to fuel cost. The only thing the president does with fuel is put it into the vehicle he gets driven around in.
 
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Old May 17, 2004 | 02:11 PM
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Lets not talk politics but if your defending then you must not know who really runs the white house.... and ex-COE for halliburton..........but whos talking politics. after all even big oil politicians have to gas their cars.
 
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Old May 17, 2004 | 02:27 PM
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Originally posted by: berksglh


My wife is an accountant for a local small town oil company. Her boss buys and sells gas on the stock market for them. She said he lost a million bucks overnight yesterday due to a gamble, and then the cost went up and he had no fuel to sell at a contract cost, and had to buy it higher to sell it at the lower contract cost? Something like that.(if i remember it corectly.)
That's called "selling short". You sell it before you buy it, and your bet is that the price will decrease and you'll buy it for less when it's time to ship. If the price goes up, you still gotta buy it and take your azzwhipping.

Being a commodity trader, I have both won and lost in that scenario.
 
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Old May 17, 2004 | 02:27 PM
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Default Fuel prices gone wild !!

LONDON (Reuters)

U.S. oil prices have set another record on the New York Mercantile Exchange, reaching $41.85 a barrel, the highest since NYMEX launched its crude contract in 1983.


Following are some of the factors behind oil's price surge.

-- LOW INVENTORIES, OPEC MARKET MANAGEMENT

 
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Old May 17, 2004 | 02:42 PM
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Originally posted by: DrDune
Lets not talk politics but if your defending then you must not know who really runs the white house.... and ex-COE for halliburton..........but whos talking politics. after all even big oil politicians have to gas their cars.
I understand that Chaney is ex-CEO for halliburton. I also understand that he has money in stocks for them. But how does that effect gas prices? The worlds consumption and quantity of a product determain the value not the word of a President.

 
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Old May 17, 2004 | 02:58 PM
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Default Fuel prices gone wild !!

Originally posted by: 1BigDSRider
Originally posted by: DrDune
Lets not talk politics but if your defending then you must not know who really runs the white house.... and ex-COE for halliburton..........but whos talking politics. after all even big oil politicians have to gas their cars.
I understand that Chaney is ex-CEO for halliburton. I also understand that he has money in stocks for them. But how does that effect gas prices? The worlds consumption and quantity of a product determain the value not the word of a President.
OK I give, but just do me a favor vote for someone else this coming November. After all can you really trust thier word that they are doing everthing in thier power when one is still making a killing from Haliiburton stocks. and what about those WMD's?
 
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Old May 17, 2004 | 03:16 PM
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I cant vote for someone else. If they had a better candidate than Kerry I would vote against Bush. Yes Bush and Chaney are making a killing but can you blame them.

As for Weapons of Mass Destruction. Check fox news. Saren gas bomb was used today to try and kill American soldiers. I know it was just 1 bomb. But if theres 1 theres always more. Saddam wasnt a stupid man. Crazy yes stupid no. He did a very good job of hiding them (thats my belief).
 
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Old May 17, 2004 | 03:59 PM
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The argument that Bush and Cheney drove us into this war to make money off their oil interests is extremely shallow.
 
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Old May 17, 2004 | 04:03 PM
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I'm in New Brunswick Canada. I just filled my truck up and it was 96.9 cents per litre = $4.40 per gallon. How do you like those apples.
 
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Old May 17, 2004 | 04:06 PM
  #30  
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There's your "free" medical care. [img]i/expressions/face-icon-small-wink.gif[/img]
 
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