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JoeyT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-18-11 09:30 AM
Response to Reply #40
47. +1
Time to start investing in research for a time machine so we can go back a few decades and invest in technologies to get us past oil while we had plenty of time to do it without causing an economic meltdown during the transition.
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  -Oil market oversupplied: Saudis Newsjock  Apr-17-11 12:49 PM   #0 
  - Oversupplied at $100+ / barrel ??  DCBob   Apr-17-11 12:54 PM   #1 
  - Speculation driven oil prices brought about a scenario recently  truedelphi   Apr-17-11 02:47 PM   #8 
  - yep -- speculation.  nashville_brook   Apr-17-11 05:13 PM   #20 
  - Which is doing EXACTLY what commodies traders do EVERY DAY with many  Thunderstruck   Apr-17-11 05:32 PM   #27 
     - Not exactly a ringing endorsement of commodities traders, is it?  primavera   Apr-18-11 07:56 AM   #39 
     - Short Answer: Yes, If Regulated  wellst0nev0ter   Apr-18-11 12:06 PM   #50 
        - Point taken  primavera   Apr-18-11 02:23 PM   #59 
     - It's a bubble.  fasttense   Apr-20-11 11:55 AM   #100 
  - And It IS Speculators Causing $3.90 at the Pumps  NashVegas   Apr-18-11 01:24 PM   #56 
     - Exactly -- and these markets used to be REGULATED to prevent speculation -- !!  defendandprotect   Apr-18-11 02:35 PM   #60 
     - Where were you when gas was $1.90? Were you hysterical about  Thunderstruck   Apr-18-11 06:45 PM   #75 
     - Let Me Google That For You  NashVegas   Apr-18-11 09:08 PM   #82 
     - I'm a step ahead of you, (two steps actually)  Devil_Fish   Apr-18-11 11:29 PM   #83 
  - Well, obviously the world is oversupplied with dollars more.  Fool Count   Apr-17-11 05:25 PM   #23 
     - No, a small percentage of people are oversupplied with dollars.  girl gone mad   Apr-20-11 03:44 PM   #103 
  - I'm sure Opec and Saudi Arabia are very upset  GKirk   Apr-17-11 12:55 PM   #2 
  - Dept. of Energy should be selling short like crazy against the SPR  sharesunited   Apr-17-11 12:57 PM   #3 
  - kr  defendandprotect   Apr-18-11 02:36 PM   #62 
  - Gee, you sure couldn't tell at the filling station. n/t  TygrBright   Apr-17-11 01:24 PM   #4 
  - They are trying to cover up that their oil production is dropping.  Odin2005   Apr-17-11 01:29 PM   #5 
  - The only thing covered up is  BobbyBoring   Apr-17-11 02:01 PM   #6 
  - It is thought by some that the Saudis intentionally exagerated their oil reserves.  Odin2005   Apr-17-11 03:08 PM   #11 
  - I think you're correct.  sofa king   Apr-19-11 05:57 AM   #87 
  - I'm just about sick and tired of this thing where people blame speculators...  Thunderstruck   Apr-17-11 05:26 PM   #25 
  - Although I agree with the basic fundamentals of trading you discribed...  SkyDaddy7   Apr-17-11 08:12 PM   #34 
     - This is what cracks me up about people such as yourself that get angry  Javaman   Apr-18-11 08:25 AM   #42 
        - You're Goddamn Right I Was Angry  wellst0nev0ter   Apr-18-11 12:25 PM   #53 
        - I asked about $70 dollar oil...  Javaman   Apr-18-11 03:51 PM   #65 
        - LOL! This is what cracks me up with folks who "think"  SkyDaddy7   Apr-18-11 01:00 PM   #54 
        - One day you will understand how commodity trading works.  Javaman   Apr-18-11 03:52 PM   #66 
           - No, I want to know if you are telling me...  SkyDaddy7   Apr-19-11 05:44 PM   #93 
              - oh lord.  Javaman   Apr-19-11 09:37 PM   #94 
                 - Nope, calling out to nothing won't help...  SkyDaddy7   Apr-20-11 04:43 AM   #95 
                 - what ever gets you through the night.  Javaman   Apr-20-11 07:21 AM   #97 
                 - Nope, calling out to nothing won't help...  SkyDaddy7   Apr-20-11 04:43 AM   #96 
        - Actually, I rather like the UN idea  primavera   Apr-18-11 02:36 PM   #61 
           - I brought that up a while ago...  Javaman   Apr-18-11 03:53 PM   #67 
  - They shoud be forced to take delivery. NT  Devil_Fish   Apr-18-11 11:32 PM   #84 
     - ... and then drink it ... (n/t)  Nihil   Apr-19-11 04:47 AM   #86 
  - Exactly. nt  lumberjack_jeff   Apr-20-11 10:45 AM   #99 
  - If it were over supplied, wouldn't the price go down?  liberal N proud   Apr-17-11 02:45 PM   #7 
  - The price is going sky high due to speculation.  truedelphi   Apr-17-11 02:49 PM   #9 
  - Yup. Hyped by the MSM who are spokepersons for the MIC and fossil fuel monsters.  freshwest   Apr-17-11 05:09 PM   #19 
  - You are completely discounting growth in China and India.  Thunderstruck   Apr-17-11 05:56 PM   #29 
  - You forgot tulips. A classic supply vs demand speculation.  zogofzorkon   Apr-18-11 05:27 AM   #37 
  - Tulips aren't a finite resource. nt  Javaman   Apr-18-11 08:26 AM   #43 
     - they are as finite as wheat and soybeans  zogofzorkon   Apr-18-11 12:15 PM   #52 
        - You can't "grow" oil.  Javaman   Apr-18-11 03:49 PM   #64 
           - Tell that to Brazil.  girl gone mad   Apr-20-11 03:48 PM   #104 
  - However all your points here are moot, because right now there is  truedelphi   Apr-18-11 04:07 PM   #68 
     - Prove it or stand down.  Thunderstruck   Apr-18-11 06:30 PM   #71 
        - Read the ConsortiumNews article mentioned in post #100  bananas   Apr-20-11 06:19 PM   #105 
  - And I Guess We Weren't To Be Angry With Speculators, Then, Either  NashVegas   Apr-18-11 01:29 PM   #57 
  - Well that is what the supply side economist say  zeemike   Apr-17-11 03:03 PM   #10 
  - Supply side and trickle down theories don't take monopoly into account, do they?  freshwest   Apr-17-11 05:03 PM   #18 
  - "If" is the key word there. The Saudis aren't the most trustworthy  bhikkhu   Apr-17-11 06:39 PM   #31 
  - oil prices are not driven by supply and demand. They tell us everyday that "speculators" are  pasto76   Apr-17-11 03:15 PM   #12 
  - Gee! reduced demand triggers higher prices.  sulphurdunn   Apr-17-11 03:16 PM   #13 
  - Where is demand reduced?  Thunderstruck   Apr-17-11 05:27 PM   #26 
     - Everywhere.  sulphurdunn   Apr-18-11 07:50 AM   #38 
        - First site is from BP...  Javaman   Apr-18-11 08:30 AM   #44 
           - I think we're comparing  sulphurdunn   Apr-18-11 06:01 PM   #70 
  - Saudi Arabia did not make up for Libyan oil  ensemble   Apr-17-11 04:11 PM   #14 
  - Libya is a minor producer in terms of total production  Johnny Morales   Apr-17-11 04:37 PM   #15 
     - Libya supples the EU with roughly 8% of their total oil usage...  Javaman   Apr-18-11 08:51 AM   #45 
  - So the Sauds will pump less to lower the prices, to make less money?  bhikkhu   Apr-17-11 04:59 PM   #16 
  - Crazy, isn't it?  Javaman   Apr-18-11 09:05 AM   #46 
  - Great. Now tell the middle men so the price of gas will go down.  freshwest   Apr-17-11 05:02 PM   #17 
  - Nice scam boys.  tridim   Apr-17-11 05:24 PM   #21 
  - The Saudis are playing a shell game  Canuckistanian   Apr-17-11 05:25 PM   #22 
  - They must be pushing for a President Romney.  MilesColtrane   Apr-17-11 05:26 PM   #24 
  - Bull shit  L0oniX   Apr-17-11 05:35 PM   #28 
  - shouldn't there be a CAP on speculations?  indimuse   Apr-17-11 06:17 PM   #30 
  - Deleted message  Name removed   Apr-17-11 06:45 PM   #32 
  - I'd Like to See It Confined to Those Who Can Take Delivery  NashVegas   Apr-18-11 01:31 PM   #58 
  - A cap and an electric chair!  RedCloud   Apr-20-11 10:36 AM   #98 
  - Some thoughts about the Saudis ~  cliss   Apr-17-11 07:11 PM   #33 
  - Not only that, they are investing HEAVILY in solar research and tech. A country  Thunderstruck   Apr-18-11 06:43 PM   #74 
  - so, the $4.50 a gallon....  unkachuck   Apr-17-11 08:27 PM   #35 
  - Gotta pay for all.....  DeSwiss   Apr-17-11 08:34 PM   #36 
  - AKA they can't ramp up production enough to meet demand...  Javaman   Apr-18-11 08:16 AM   #40 
  - +1  JoeyT   Apr-18-11 09:30 AM   #47 
  - Yep...we've entered the period of continuing, worsening recessions.  antigone382   Apr-18-11 07:13 PM   #76 
     - You may as well forget it. Because if you think there's a chance it will change,  Thunderstruck   Apr-18-11 07:45 PM   #79 
  - oil prices  melm00se   Apr-18-11 08:21 AM   #41 
  - People here DO NOT WANT TO KNOW the truth about oil. It's that simple.  Thunderstruck   Apr-18-11 11:39 AM   #49 
  - +1  GliderGuider   Apr-18-11 02:54 PM   #63 
  - Speculators have been using peak oil as cover for their fucking people over. That's the only...  JVS   Apr-18-11 07:31 PM   #77 
  - Lulz! What makes your paticular theory any more credible?  Thunderstruck   Apr-18-11 07:44 PM   #78 
     - It's fun playing handmaiden to the oligarchs. You make a prediction, they use it as cover, and..  JVS   Apr-18-11 07:47 PM   #80 
        - Like I said, knock yourself out. Pump until the cows come home. And, FGS,  Thunderstruck   Apr-18-11 08:18 PM   #81 
  - The Problem is not lack of oil, it's lack of cheap oil.  Dark   Apr-19-11 01:03 AM   #85 
  - Very good contribution to the discussion.  truedelphi   Apr-18-11 04:11 PM   #69 
     - finite commodities  melm00se   Apr-19-11 06:43 AM   #88 
  - "As Saudi Arabia goes, so goes the world."  GliderGuider   Apr-18-11 10:16 AM   #48 
  - $5 per gallon, here we come. eom  Vinee   Apr-18-11 12:15 PM   #51 
  - When oil production is down 33% from the current in a few years, you'll  Thunderstruck   Apr-18-11 06:39 PM   #73 
  - Peak Oil = Peak Profits  Strelnikov_   Apr-18-11 01:20 PM   #55 
  - Yea, and it doesn't help when you have Trump sitting there with Crowley  Thunderstruck   Apr-18-11 06:36 PM   #72 
  - it was shocking  shanti   Apr-19-11 01:48 PM   #89 
  - Three graphs that should make us worry.  GliderGuider   Apr-19-11 02:44 PM   #90 
     - You should post this as its own OP in GD. I would recommend it. n/t  antigone382   Apr-19-11 02:51 PM   #91 
     - Done  GliderGuider   Apr-19-11 03:03 PM   #92 
     - It's a bubble.  fasttense   Apr-20-11 12:02 PM   #101 
        - Is production really going up?  GliderGuider   Apr-20-11 02:26 PM   #102 
 

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