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OfflineMadtowntripper
Sun-Beams out of Cucumbers
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Registered: 03/06/03
Posts: 21,287
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Last seen: 5 months, 23 days
Re: Oil reaches $100 a barrel [Re: Le_Canard]
    #7824398 - 01/02/08 04:54 PM (16 years, 30 days ago)

Quote:

ToiletDuk said:
The price of oil doesn't necessarily indicate it's scarcity. Rather the price surge is due to greedy speculators.




Yes, I was just listening on NPR and they had an oil futures guy on there explaining the $100-per-barrel price today...

He said the people that bought the single $100+ plus contract that went through today did it for the sole purpose of being the ones who sent oil over $100.

Not to say the price isn't near there anyway, I think before the contract it was at 99.95 cents, but there are forces at work other than those of the free-market economy.


--------------------
After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action.  If you cannot throw it at least you can always drink out of it.  - Ernest Hemingway

If it is life that you feel you are missing I can tell you where to find it.  In the law courts, in business, in government.  There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent.    -Cormac MacCarthy

He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God.  - Aeschylus


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InvisibleLiquidkick
H2O
Registered: 05/03/02
Posts: 2,635
Re: Oil reaches $100 a barrel [Re: Asante]
    #7824400 - 01/02/08 04:55 PM (16 years, 30 days ago)

I wonder if ethanol is gonna make me some money this year?


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InvisibleAsante
Mage
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Registered: 02/06/02
Posts: 86,795
Re: Oil reaches $100 a barrel [Re: Liquidkick]
    #7824406 - 01/02/08 04:59 PM (16 years, 30 days ago)

Quote:

I wonder if ethanol is gonna make me some money this year?





If you run a capacity moonshine still I'm sure it will :awesome:


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Omnicyclion.org
higher knowledge starts here


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Invisibleint21h
Champion Bong Toker
Male


Registered: 07/13/06
Posts: 338
Re: Oil reaches $100 a barrel [Re: Asante]
    #7824456 - 01/02/08 05:19 PM (16 years, 30 days ago)

There is still a remote chance that I won`t see the end of it because will pass away due to age.....:cool:


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