Quote:
Originally Posted by Destroyer
You know, the (not) funny thing about that is that although the per barrel price surged yesterday morning, by the end of the day it was trading at $97 & change a barrel, almost a full dollar less than the $98 + change of the day before. Isn't it funny how gas prices rocket upward at the pump, but watching the same prices fall is like watchng a clogged sink drain...  Cash prices in my neck of the woods are $3.12 for reg, up from $2.99 the day before. |
Not wanting to hijack your thread Blue but does anybody know what the procedure would be to get oil off of the commodities market.... Ive read that the purpose of selling on a commodities market is to smooth out pricing of commodities....as a shortage is forecast the price goes up slowly so when the shortage does actually come there is not a huge out of control price spike......but Libya produces less than 2% of worldwide oil supply, Saudi Arabia says they have plenty of capacity to make up for any shortfalls from Libya or any of the other middle east countries yet the price climbs because commodity traders are buying now and selling high which is driving the price up with out an actual shortage....its bull****....Was just wondering if anyone knew if someone could just stand up and say "that's it we are no longer trading oil on this market"