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Reply #21: This while OPEC was cutting production for much [View All]

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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-19-09 01:01 PM
Response to Reply #19
21. This while OPEC was cutting production for much
of 2008. Demand didn't just stop in July '08. US lost hundreds of thousands jobs each month GWB was in office. Speculators are aggravating the problem. Oil is inching up because economists are yelling "recession is over" and speculators are reacting to economic news.
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  -The price of gas jumped up this past weekend. Looks like the oil speculators are at it again. raccoon  Oct-19-09 11:42 AM   #0 
  - I bet it was Rove. nt  Occam Bandage   Oct-19-09 11:43 AM   #1 
  - jumped .10 pg last week here....  Oceansaway   Oct-19-09 11:45 AM   #2 
  - went up 16 cents overnight  Donnachaidh   Oct-19-09 11:47 AM   #3 
  - Went up 21 cents a few days ago.  Lil Missy   Oct-19-09 11:56 AM   # 
  - I still want to know why gas was $4.50 last summer.  tridim   Oct-19-09 11:56 AM   #4 
  - It was so high because the ENTIRE world was still firing on all cylinders and  Subdivisions   Oct-19-09 12:04 PM   #9 
     - So we went from "strained" to "plenty of reserve"  louis-t   Oct-19-09 12:29 PM   #15 
     - Yes, but not in a few short months. Demand actually outstripped supply  Subdivisions   Oct-19-09 12:50 PM   #19 
        - This while OPEC was cutting production for much  louis-t   Oct-19-09 01:01 PM   #21 
           - Oil is inching up because the Dollar is declining. I already told you, no demand  Subdivisions   Oct-19-09 01:31 PM   #23 
              - Then that is different than what they were saying.  louis-t   Oct-19-09 04:41 PM   #25 
     - last summer? not.  Hannah Bell   Oct-19-09 04:42 PM   #26 
  - Mid,TN,up 20 cents a gal in the past week....  Tippy   Oct-19-09 11:57 AM   #5 
  - Check what the dollar has been doing  Warpy   Oct-19-09 11:57 AM   #6 
  - Dollar is falling  AllentownJake   Oct-19-09 12:00 PM   #7 
  - Sigh. It's NOT SPECULATORS! some research! n/t  Subdivisions   Oct-19-09 12:01 PM   #8 
  - St Loouie went from 2.19 to 2.49  benld74   Oct-19-09 12:19 PM   #10 
  - This is real world example of a dollar being devalued.  Statistical   Oct-19-09 12:22 PM   #11 
  - I make it a point  Freeatleast   Oct-19-09 12:22 PM   #12 
  - At Arco in L.A.  Iwillnevergiveup   Oct-19-09 12:22 PM   #13 
  - something else to notice!!!!  spanone   Oct-19-09 12:24 PM   #14 
  - Dollar falling  taught_me_patience   Oct-19-09 12:31 PM   #16 
  - Yes, 20 cents a gallon here. nt  Captain Hilts   Oct-19-09 12:33 PM   #17 
  - October is a big 'price index' month  Bluenorthwest   Oct-19-09 12:35 PM   #18 
  - The price is innocents slaughtered in senseless oil wars  taterguy   Oct-19-09 01:00 PM   #20 
  - It is $2.53 today at my neighborhood station but that is down from  quiller4   Oct-19-09 01:30 PM   #22 
  - this is the dollar tanking...not oil climbing  ProdigalJunkMail   Oct-19-09 01:33 PM   #24 
  - $3.30 for 91 octane in rip-off San Francisco and neighboring San Mateo County.  pinniped   Oct-19-09 05:36 PM   #27 

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