Funny how these oil prices rise sharply after a fall.

[wetbandit2003]

It seems rather odd to me that when there is a significant drop in
oil prices, like yesterday due to the unexpected rise in US crude inventory, the price usually goes right back up again. Goldman Sach's
asinine comment about oil spiking to $105 Pbd to me is a ploy to cause another rally to raise the prices on oil. Why? Because they are an investment firm. Make oil futures look really attractive for the lemmings to buy up. This oil so-called oil shortage is ficticious and the greed is costing us all,,,High gasoline prices, Higher taxes because of increase in costs to fuel up fire trucs and police cars and increase in the price of consumer goods....But what does Big oil and Goldman sachs care,,,,,The CEO's there make Millions per year in bonuses alone...Right? Right....

[KlatooBNikto]

1. Got to recoup all those lost profits at those lower prices.

[BlueEyedSon]

2. Peak oil is real. Gas going up is a long-term trend, count on it.

Near-term market manipulation and wiggles due to "news" are just as real (this is true for ALL markets).

One does not negate the other.

[megatherium]

6. Kenneth Deffeyes says that we can expect oil prices

to become very volatile, as well as be much higher, as the supply of petroleum tightens. This is what has already happened to natural gas in this country. (Deffeyes discusses this in his new book Beyond Oil: The View from Hubbert's Peak.)

[Democrats_win]

3. You're right, its the "Enron" speculation market--they want high prices

[Walt Starr]

4. I ain't buying it. n/t

[beyurslf]

5. "the so-called oil shortage is fictitious"?

You should do a little more research on here starting with Peak Oil.

[Dogmudgeon]

7. Good theory

There's only one problem.

The phenomenon called "Peak Oil" is a matter of geology, not politics or economics.

The oil companies will gouge us no matter what happens; but the era of cheap and abundant petroleum is over.

--p!

[Spider Jerusalem]

8. No, it's not, because the fall was artificial.

The recent decrease in oil prices was based on improvement in the US stock market and flush supplies of crude and gasoline IN THE US...not on any reality like the fact that demand for oil is now greater than supply and the gap is only going to keep growing.

[Speck Tater]

9. In the math of dynamical systems...

when a function starts behaving chaotically like this all hell is about to break loose.