Oil Prices Down

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

Deleted by suggestion

 

[LegendKiller]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

In my opinion I am asking a legitimate question.

You make many posts claiming to work on Wall St and supporting this price spike and the legality of it.

Can you say you have not made one penny on this latest price spike?

I can say I have not made one penny on it.

Please, don't pull this shit. Anybody can search your posts and see that you troll with this trash constantly. You're the biggest fucking waste of bandwidth on the internet. This place should have banned you long ago, not for a month, but forever.

 

[LegendKiller]

Originally posted by: RyanSengara

Originally posted by: CaptainGoodnight

Originally posted by: StarsFan4Life

Originally posted by: 2Xtreme21

Originally posted by: CaptainGoodnight
I believe the current price of gas is more a reflection on what the oil companies paid for it a week ago. So there is this "lag" effect. Not 100% sure on this.

No, it's just rape of consumers-- nothing more.

'Nuff said..

In a world of uncertainty, uninformed cynicism ultimately leads to inaction, leaving others to pull the strings. By believing you are a puppet, you become a puppet. Uninformed cynicism lulls you into an eternal sleep.

Everyone feels safe making bland claims like "No, it's just rape of consumers-- nothing more."

What we need are informed cynicism.

I think that they're right, though it might be uninformed.

When oil prices go up, they say gas prices go up because of the change in commodity prices that day.

When commodity prices go down, then they say it's the futures prices.

Speaking out of both sides of their mouths.

Oil was at about $20 back in 1997 when a gallon of gas was .99. Now oil costs 6x as much but gas doesn't. Even now, oil has increased 50% in 5 months, yet prices of gas haven't gone up that much. They are up 100% from 12 months ago, yet gas isn't.

Your figures are misleading and wrong.

 

[frostedflakes]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

In my opinion I am asking a legitimate question.

You make many posts claiming to work on Wall St and supporting this price spike and the legality of it.

Can you say you have not made one penny on this latest price spike?

I can say I have not made one penny on it.

Please, don't pull this shit. Anybody can search your posts and see that you troll with this trash constantly. You're the biggest fucking waste of bandwidth on the internet. This place should have banned you long ago, not for a month, but forever.

You're avoiding his question.

 

[Alyx]

Originally posted by: Casawi
$4.09 here in MI

Nearing $4.40 here in Bay Area CA, I think its around $4.20 in LA.

 

[LegendKiller]

Originally posted by: frostedflakes

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

In my opinion I am asking a legitimate question.

You make many posts claiming to work on Wall St and supporting this price spike and the legality of it.

Can you say you have not made one penny on this latest price spike?

I can say I have not made one penny on it.

Please, don't pull this shit. Anybody can search your posts and see that you troll with this trash constantly. You're the biggest fucking waste of bandwidth on the internet. This place should have banned you long ago, not for a month, but forever.

You're avoiding his question.

I am not avoiding anything. It's not even a valid question because he constantly pulls this trollish shit.

Just wait till he pulls his favorite troll post. "How much are oil companies paying you for XYX".

 

[phreaqe]

Originally posted by: LegendKiller

Originally posted by: frostedflakes

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

In my opinion I am asking a legitimate question.

You make many posts claiming to work on Wall St and supporting this price spike and the legality of it.

Can you say you have not made one penny on this latest price spike?

I can say I have not made one penny on it.

Please, don't pull this shit. Anybody can search your posts and see that you troll with this trash constantly. You're the biggest fucking waste of bandwidth on the internet. This place should have banned you long ago, not for a month, but forever.

You're avoiding his question.

I am not avoiding anything. It's not even a valid question because he constantly pulls this trollish shit.

Just wait till he pulls his favorite troll post. "How much are oil companies paying you for XYX".

ok, you are totally avoiding it now. he asked if you made money off the recent spike. that is a pretty simple yes or no question.

 

[LegendKiller]

Originally posted by: phreaqe
ok, you are totally avoiding it now. he asked if you made money off the recent spike. that is a pretty simple yes or no question.

Here's a hint.

1. Go look through my posts in numerous threads both in OT and P&N about the oil problems. See that I absolutely rail against speculation investments in this area and how I think things need to change in regulatory, transparency, and taxation wise. Ask JS80 and 3cho, as both can verify my positions.

2. Then go look through trollboi's posts on in this area. Notice that he never adds any good commentary, instead he trolls. He accuses. He uses innuendo and he pokes the beehive to get attention. It's why he was banned for a month.


The question was an obvious troll, because even if I answered it he'd merely say the same shit in a different thread, even if I bitchslapped him here (as I always do to him in every thread). Another reason why it was an obvious troll is that anybody who knows me knows what I think. He certainly does know what I think and he still posted that shit.

 

[lokiju]

Originally posted by: Riverhound777
Its pretty much like this: if the price of oil goes up, the price of gas goes up. If the price of oil goes down, well there is a delay, it might take a while, unless next week the price of oil goes back up, in which case the price of gas will go up as well.

Seems to be very true.

 

[Oyeve]

Geez, I remember when $30 a barrel was outrageous. And I aint THAT old.

 

[eoliss]

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

I dont think that would be a good idea. I think it would just lead to shortages, which most likely will lead to higher prices nationally. Futures would help against large, sharp changes in supply. Futures, in a sense, prevent or reduce the effects of shortages in the future. They act to 'smooth' out the curve.

 

[Harvey]

Originally posted by: LegendKiller

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

I think Dave asks a legitimate question, but I would consider shit like your post attacking him for no reason to be worse than any "trolling" you believe he has done.

 

[LegendKiller]

Originally posted by: Harvey

Originally posted by: LegendKiller

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

I think Dave asks a legitimate question, but I would consider shit like your post attacking him for no reason to be worse than any "trolling" you believe he has done.

I can't help that I add volumes more content than he ever will.

Personally, I don't invest in oil. I did short the hell out of gold (Deutsche double short gold) and made a nice chunk of change from that. Otherwise I don't touch commodities and abhor this recent trend.

I can post many examples of my position, both here and other forums. I know dave knows my position, yet he can't help himself.

 

[LegendKiller]

Originally posted by: Harvey

Originally posted by: LegendKiller

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

I think Dave asks a legitimate question, but I would consider shit like your post attacking him for no reason to be worse than any "trolling" you believe he has done.

I can't help that I add volumes more content than he ever will.

Personally, I don't invest in oil. I did short the hell out of gold (Deutsche double short gold) and made a nice chunk of change from that. Otherwise I don't touch commodities and abhor this recent trend.

I can post many examples of my position, both here and other forums. I know dave knows my position, yet he can't help himself.

 

[JeffreyLebowski]

Originally posted by: Special K
The price of oil quoted is for futures contracts. I believe the futures contracts trading now are for a barrel of oil that will be delivered sometime in July. There is a lag between oil prices and the price at the pump. The prices you are seeing now are the result of the price of oil barrels last month.

There is no corolation between crude price and gas price other than a starting point.
When oil prices go up a lot in one day, the price for gas goes up a lot that same moment, because they know people see that so they (the gas companies) bilk them out of some extra $$$, with the excuse that it went up so I have to raise my price to pay for the fuel in my tanks since it's on "consignment" Now when oil prices go down, the price at the pump doesn't drop at the same rate as it goes up because, "They have to pay for the oil/gas that will be coming that was purchased at the higher price, then once we get through that, the lower priced oil/gas will be available.


Simply put, we are going to get fucked one way or the other. The only thing you can do is bring lube and ask them to be gentle.

 

[cultgag]

I'm beginning to notice that these oil and gas price threads are pointless. No matter how many you try to inform, you can't get a couple of points through people's heads.

1. Gas stations only make a minimal profit margin selling gas...It's the cigs and drinks they make money on. So the consumer is not getting "raped."

2. Oil companies are not evil as the media makes them out to be.

 

[waggy]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: Raduque
Maybe we should make futures trading of oil illegal?

So people who have legit reasons for doing so cannot do it?

There are thousands of good reasons why people should be able to hedge using oil futures and it is certainly a huge benefit to the world economy.

Yea right :roll:

How much have you made on this latest spike?

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

In my opinion I am asking a legitimate question.

You make many posts claiming to work on Wall St and supporting this price spike and the legality of it.

Can you say you have not made one penny on this latest price spike?

I can say I have not made one penny on it.

Please, don't pull this shit. Anybody can search your posts and see that you troll with this trash constantly. You're the biggest fucking waste of bandwidth on the internet. This place should have banned you long ago, not for a month, but forever.

I am bay no means a fan of dave. But this is a legit quesiton. seems you going off on him is more trollign then what you are claiming.

glad you are not a mod. sheesh

 

[LegendKiller]

dp

 

[LegendKiller]

Originally posted by: waggy
I am bay no means a fan of dave. But this is a legit quesiton. seems you going off on him is more trollign then what you are claiming.

glad you are not a mod. sheesh

It's not a legit question when he runs around these threads asking...

"How much do the oil companies pay you to say these things" or great quips like that.

He doesn't ask the questions to make points, nor is he actually serious. He uses them to undermine good points and troll.

He knows damn well I don't like oil speculation, anybody who knows me knows that.

He should be damn glad I am not a mod, I'd try my hardest to get him perma-banned if I were.

 

[Harvey]

Originally posted by: LegendKiller

Originally posted by: Harvey

Originally posted by: LegendKiller

With shit like this, why aren't you perma-banned yet? You're an obvious troll who adds nothing to a conversation.

I think Dave asks a legitimate question, but I would consider shit like your post attacking him for no reason to be worse than any "trolling" you believe he has done.

I can't help that I add volumes more content than he ever will.

No, you don't. You just contribute different stuff, and crapping on Dave for no reason detracts as much as you think you contribute. The fact that you don't like what he posts is your problem, but it's not an excuse to make it everyone else's.

I'm telling you this as a regular member because I really don't want to go into Mod mode over it. Please take the hint.

 

[Nitemare]

gas prices take 30 seconds to go up after an increase, yet take 3 months to go down after a decrease.

 

[Christobevii3]

Originally posted by: LegendKiller

Originally posted by: waggy
I am bay no means a fan of dave. But this is a legit quesiton. seems you going off on him is more trollign then what you are claiming.

glad you are not a mod. sheesh

It's not a legit question when he runs around these threads asking...

"How much do the oil companies pay you to say these things" or great quips like that.

He doesn't ask the questions to make points, nor is he actually serious. He uses them to undermine good points and troll.

He knows damn well I don't like oil speculation, anybody who knows me knows that.

He should be damn glad I am not a mod, I'd try my hardest to get him perma-banned if I were.

Why do people argue that speculation is a one way street? The reason oil is down this week is people were shorting it out the ass. This is why today when it started to go up it skyrocketed, short covering.

 

[LegendKiller]

Originally posted by: Christobevii3
Why do people argue that speculation is a one way street? The reason oil is down this week is people were shorting it out the ass. This is why today when it started to go up it skyrocketed, short covering.

It shot up today mainly because the dollar fell, triggering more speculation (even though the dollar eventually gained again). I know that some people will cry "The Fed printed more money" but the dollar fell because the ECB said they were probably going to raise rates. Gotta love relative valuation.

Even if it were about short covering that wouldn't take into account the gobs of longs still out there who have bid up oil tremendously. I think that I saw somewhere that every barrel of oil for the next 5 years is already accounted for through futures contracts. That's about 30x more than any other point in history.

 

[Christobevii3]

So if all the current production barrels are accounted for and new production comes on line and demand isn't there, the people who speculated have to either sell at a loss or take delivery and sit on them till prices go up. The downside risk at this point is much greater than the upside with india and china taking off government subsidies of fuel and energy costs along with brazil, the us, and qatar all bringing new fields online.

 

[Corporate Thug]

first it was the refineries (or lack there of) excuse. Then that passed, now its the speculators.

Congress should ban US trading in oil commodities and see what the next excuse would be.