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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-29-06 06:06 AM
Response to Reply #14
15. just a scapegoat
Iran and Ernesto (or the hurricane-du-jour) are scapegoats for rising energy prices. Anyone who knows anything about publicly traded commodities can see that investment banks like Goldman Sachs are primarily responsible for rising oil prices. Oil futures trading is a no-lose proposition. Investment banks either buy futures or oil on the current market and sell after holding the crude for awhile. The "crisis" factor of Iran ignoring another U.N. deadline is irrelevant to the actual price of oil.

Either when shots are fired across the Strait of Hormuz or oil is pulled off the market in protest of U.N. sanctions, then Iran's position is relevant to the price.
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  -STOCK MARKET WATCH, Tuesday 29 August ozymandius  Aug-29-06 05:17 AM   #0 
  - WrapUp by Rob Kirby  ozymandius   Aug-29-06 05:20 AM   #1 
  - Finally my 1st K/R on the SMW.  bahrbearian   Aug-29-06 05:21 AM   #2 
  - Good morning bahrbearian.  ozymandius   Aug-29-06 05:32 AM   #4 
  - Today's Reports  ozymandius   Aug-29-06 05:31 AM   #3 
  - And what is today going to bring us?  Buttercup McToots   Aug-29-06 05:35 AM   #7 
  - Here's a hint.  ozymandius   Aug-29-06 05:53 AM   #13 
     - Ozzy your a toots!  Buttercup McToots   Aug-29-06 06:34 AM   #18 
  - U.S. consumer confidence falls sharply in August - 99.6 from 106.5 in July  UpInArms   Aug-29-06 09:11 AM   #46 
  - Consumer confidence plunges in August  Ghost Dog   Aug-29-06 09:18 AM   #50 
     - Job woes knock US consumer confidence to 9-mth low  UpInArms   Aug-29-06 10:47 AM   #60 
  - Gloom a factor in Aug. pause, FOMC minutes show  UpInArms   Aug-29-06 01:06 PM   #76 
     - Crap, now I've got "Sympathy for the Devil" stuck in my noodle. Not  54anickel   Aug-29-06 01:16 PM   #80 
     - Here are the minutes  54anickel   Aug-29-06 01:26 PM   #83 
     - Took the wind out of the buck's sails  54anickel   Aug-29-06 01:50 PM   #87 
  - Oil edges higher as Iran worries halt selling  ozymandius   Aug-29-06 05:34 AM   #5 
  - BP facing oil and gas probe: WSJ  ozymandius   Aug-29-06 05:35 AM   #6 
  - US Justice Dept is focused on "a single day's trading in 2002"? And  54anickel   Aug-29-06 07:05 AM   #21 
  - Iran to miss 2010 oil output target  ozymandius   Aug-29-06 05:36 AM   #8 
  - Crude ends at two-month low; natural gas loses almost 10%  ozymandius   Aug-29-06 05:50 AM   #12 
  - Now is it that people are really so stupid...  skids   Aug-29-06 05:54 AM   #14 
  - just a scapegoat  ozymandius   Aug-29-06 06:06 AM   #15 
  - The reasoning doesn't make sense  Ragin_mad   Aug-29-06 06:22 AM   #17 
  - Morning Marketeers,  AnneD   Aug-29-06 09:02 AM   #43 
  - YES YES YES YES YES!!!  OrangeCountyDemocrat   Aug-29-06 09:19 AM   #51 
  - Decaying pipes risk 20% gains to energy prices  Ghost Dog   Aug-29-06 07:54 AM   #24 
  - Detroit Sees Cheap Gas as History (About freakin' time!)  54anickel   Aug-29-06 09:11 AM   #47 
  - 8 days of Housing News  displacedtexan   Aug-29-06 05:37 AM   #9 
  - Check this out. I found this at Atrios' blog.  ozymandius   Aug-29-06 05:40 AM   #10 
  - *Gulp*  displacedtexan   Aug-29-06 08:11 AM   #31 
     - Holy Batshit!!!  AnneD   Aug-29-06 09:15 AM   #48 
        - today's tune by Blood, Sweat and Tears  UpInArms   Aug-29-06 09:31 AM   #56 
  - Fed May Tolerate Faster Inflation as Housing Sags, Growth Slows  54anickel   Aug-29-06 08:12 AM   #32 
  - BoE chief economist hits at US inflation measure  Ghost Dog   Aug-29-06 08:39 AM   #36 
  - The Sun'll Come Out......In 2008  OrangeCountyDemocrat   Aug-29-06 09:22 AM   #53 
     - I think he ment to say "the Neo cons" not inflation n/m  RawMaterials   Aug-29-06 11:24 AM   #67 
  - Builders may be near liquidity crisis  54anickel   Aug-29-06 08:17 AM   #33 
     - For some time during and after ....  AnneD   Aug-29-06 04:39 PM   #94 
  - FTSE gains strongly after long weekend  ozymandius   Aug-29-06 05:43 AM   #11 
  - Bourses boosted by pharma and tech stocks  Ghost Dog   Aug-29-06 07:57 AM   #25 
  - EADS higher as Russian bank buys stake  Ghost Dog   Aug-29-06 07:58 AM   #26 
  - Tokyo stocks up for first session in 5 days  Ghost Dog   Aug-29-06 08:06 AM   #29 
  - Bourses mainly higher as pharmas provide lift  Ghost Dog   Aug-29-06 12:43 PM   #73 
  - And so I must leave.  ozymandius   Aug-29-06 06:15 AM   #16 
  - Sorry the move was rough--glad the location is better!  Maeve   Aug-29-06 06:43 AM   #19 
  - Huh? What "incorrect data"? I must have missed it. n/t  54anickel   Aug-29-06 07:21 AM   #23 
  - We chose our new digs for the same reason...  AnneD   Aug-29-06 02:18 PM   #89 
  - daily dollar watch  UpInArms   Aug-29-06 07:04 AM   #20 
  - Dollar falls ahead of busy economic week  Ghost Dog   Aug-29-06 08:09 AM   #30 
  - Tecumseh layoffs may affect 450 (more than 2/3rds of workforce)  UpInArms   Aug-29-06 07:18 AM   #22 
  - Global Fallout from America's Post-Bubble Shakeout  54anickel   Aug-29-06 07:59 AM   #27 
  - cf: (FoE) Towards Sustainable Economies  Ghost Dog   Aug-29-06 08:31 AM   #35 
     - Thanks GD - That's a keeper!!! n/t  54anickel   Aug-29-06 08:50 AM   #40 
     - Economic growth does not solve unemployment, (China) official  Ghost Dog   Aug-29-06 09:10 AM   #45 
        - China's Wealth Woes  54anickel   Aug-29-06 10:39 AM   #58 
        - Best Buy to open first outlet in China  54anickel   Aug-29-06 12:16 PM   #70 
  - Americans' net worth falls, report says  54anickel   Aug-29-06 08:04 AM   #28 
  - bit more from that one.....  54anickel   Aug-29-06 08:42 AM   #39 
  - My MORONIC repub Secretary  OrangeCountyDemocrat   Aug-29-06 09:29 AM   #55 
     - symptomatic of "right wing authoritarians"  kineneb   Aug-29-06 01:33 PM   #84 
        - That Is A Scary Book, Eh?  OrangeCountyDemocrat   Aug-29-06 03:06 PM   #91 
  - Bankruptcy filings fall after tough new law  54anickel   Aug-29-06 08:28 AM   #34 
  - Massive and illegal manipulation of the market by a major short seller  Buttercup McToots   Aug-29-06 08:39 AM   #37 
  - Citigroup, Bank of America, JPMorgan Squeezed by Bond Market  54anickel   Aug-29-06 08:39 AM   #38 
  - Too many bond bulls  54anickel   Aug-29-06 08:59 AM   #42 
  - Just a trife I thought you might be interested in...  AnneD   Aug-29-06 04:22 PM   #93 
  - Carlyle Group strong candidate for US Ports Purchase  Ghost Dog   Aug-29-06 08:50 AM   #41 
  - Who would have thought? ....n/t  54anickel   Aug-29-06 10:59 AM   #65 
     - Didn't we post about that...  AnneD   Aug-29-06 04:51 PM   #95 
  - Bayer 2Q Profit Up; 1500 North American Job Cuts Planned  UpInArms   Aug-29-06 09:08 AM   #44 
  - 10:13 EST shocky numbers and blather  UpInArms   Aug-29-06 09:15 AM   #49 
  - Blistering Drought Ravages Farmland on Plains  54anickel   Aug-29-06 09:20 AM   #52 
  - More on this part of the global drought here:  Ghost Dog   Aug-29-06 10:10 AM   #57 
  - One can't help  AnneD   Aug-29-06 10:53 AM   #61 
  - Thanks again GD. Makes me think of that article a couple of weeks  54anickel   Aug-29-06 10:54 AM   #63 
  - shades of the Dust Bowl & 1930s...n/t  kineneb   Aug-29-06 01:35 PM   #85 
  - Monsanto buys 'Terminator' seeds company  54anickel   Aug-29-06 09:28 AM   #54 
  - I have farmer friends and family...  AnneD   Aug-29-06 10:46 AM   #59 
     - Guess we need to start a "pro-life" movement for plants....n/t  54anickel   Aug-29-06 10:58 AM   #64 
        - Right on the money  there-s a   Aug-29-06 11:27 AM   #68 
        - The REAL reason for these seeds?????  AnneD   Aug-29-06 02:07 PM   #88 
  - Schering-Plough to pay $435 mln/conspiracy to make false statements  UpInArms   Aug-29-06 10:53 AM   #62 
  - 12:15 numbers and yada catch up  54anickel   Aug-29-06 11:18 AM   #66 
  - Gold Falls as Declining Energy Costs Ease Inflation Concerns  54anickel   Aug-29-06 11:57 AM   #69 
  - Lawyers Will Subpeona Bush White House in Phone Company Spying Case  54anickel   Aug-29-06 12:21 PM   #71 
  - OT - In drunken-city rankings, Milwaukee's best  54anickel   Aug-29-06 12:28 PM   #72 
  - Treas Auction of $22 billion 2-year has disappointing indirect bid  UpInArms   Aug-29-06 12:48 PM   #74 
  - Median yield of 4.898? And the 10 year is now at 4.835.  54anickel   Aug-29-06 12:51 PM   #75 
  - 2:07 update  54anickel   Aug-29-06 01:08 PM   #77 
  - look at the spike in just those few seconds  UpInArms   Aug-29-06 01:11 PM   #79 
     - They are headed for the water line quickly. I give them a few minutes  54anickel   Aug-29-06 01:19 PM   #81 
  - 2:07 EST Knees Jerking for the FOMC  UpInArms   Aug-29-06 01:09 PM   #78 
  - Hurrah!!! No more rate increases - PARTY!!!!.......Oh wait a minute  54anickel   Aug-29-06 01:24 PM   #82 
  - 2:46 and a second attempt at the waterline  54anickel   Aug-29-06 01:48 PM   #86 
     - 3:27 and everyone emerges from the red sea. All hail Ben!!!!  54anickel   Aug-29-06 02:31 PM   #90 
        - happy closing numbers and blather  UpInArms   Aug-29-06 03:49 PM   #92 
           - Thanks to all...  AnneD   Aug-29-06 04:58 PM   #96 
           - So a year and a half of growth below potential is a good thing and  54anickel   Aug-29-06 05:35 PM   #97 
 

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