Oil thread 9-7-06:Former BP head of Pipeline invokes 5th

[Pacemaker]

Originally posted by: EagleKeeper

Originally posted by: conjur
$2.85 -> $3.09 here now. Same prices we saw in the aftermath of Katrina. What's the excuse this time? Kenny Boy's funeral going to be *that* expensive?

Panic due to the NK missle fiasco

How does that effect oil prices? If we are dead there will be no demand (plus as a dead person I won't care about oil). Either people are slow or the oil companies will use any excuse regardless of validity.

The president trips and falls. Big oil is like ZOMG production will never be the same quick raise the price we need more profit.

 

[K1052]

Originally posted by: RightIsWrong

Originally posted by: EagleKeeper

Originally posted by: conjur
$2.85 -> $3.09 here now. Same prices we saw in the aftermath of Katrina. What's the excuse this time? Kenny Boy's funeral going to be *that* expensive?

Panic due to the NK missle fiasco

The North Koreans are in the oil producing business? It's all BS used to line pockets.

Oil is a publicly traded commodity, just like a bunch of other raw materials.

My energy ETFs have been doing quite well.

 

[LegendKiller]

Originally posted by: conjur
Articles you can quote without understanding the fundamentals

Please, explain the market to me and how a derivative market can be so overheated. I know you can quote articles, but can you understand them? Really, what I want, is for somebody like you or dave to finally understand the BS you spew. So please, explain derivative markets, price feedback, and how contracts require continuing comittment and how, such a market, can be overheated beyond what the fundamentals and risk/return would allow.

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: conjur
Articles you can quote without understanding the fundamentals

Please, explain the market to me and how a derivative market can be so overheated. I know you can quote articles, but can you understand them? Really, what I want, is for somebody like you or dave to finally understand the BS you spew. So please, explain derivative markets, price feedback, and how contracts require continuing comittment and how, such a market, can be overheated beyond what the fundamentals and risk/return would allow.

Yes, someone please explain how easily greed trumps fundamentals.

 

[LegendKiller]

Originally posted by: dmcowen674

Yes, someone please explain how easily greed trumps fundamentals.

Well, since you are a favorite of hyperbole and fearmongering, why don't *you* explain how the oil market is deviated from what you call "fundamentals". Please dave, enlighten us with your plethoric financial knowledge of the derivative markets. Further, why don't you explain derivative pricing, in your own words of course.

We all know that you are so highly educated by reading somebody else's opinions and conclusions that you have logically formed your own. I am sure your vast financial knowledge can enlighten us as to what makes derivative prices and how they work.

 

[zendari]

Their margins aren't high.

 

[LegendKiller]

Originally posted by: zendari
Their margins aren't high.

Margin requirements can be quite high, depending on the contracts. If that were the problem you would see many people going bankrupt and the market in shambles, but that hasn't happened, why?

Sorry, but that was a little...sad. I am sure one of you usual guys who post hyperbole but little else can come up with a logical analysis...right?

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: zendari
Their margins aren't high.

Margin requirements can be quite high, depending on the contracts. If that were the problem you would see many people going bankrupt and the market in shambles, but that hasn't happened, why?

Sorry, but that was a little...sad. I am sure one of you usual guys who post hyperbole but little else can come up with a logical analysis...right?

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

 

[GoPackGo]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: zendari
Their margins aren't high.

Margin requirements can be quite high, depending on the contracts. If that were the problem you would see many people going bankrupt and the market in shambles, but that hasn't happened, why?

Sorry, but that was a little...sad. I am sure one of you usual guys who post hyperbole but little else can come up with a logical analysis...right?

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

We haven't run out because there are no supply problems.

They are all in cahoots and its one big scam.

 

[LegendKiller]

Originally posted by: dmcowen674

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

Ohhh no you don't dave. Don't pull a Bush and completely evade being put in the spotlight. Are you afraid you are going to pull a Clinton and get caught with your pants down in public lying?

You know that you can truthfully, honestly, and thoroughly answer my questions regarding the futures markets. I know your extensive financial knowledge can explain the increasing prices. Since you are so smart and love to spread FUDD, I am sure in your reading and linking of so many articles that you have learned analysis on your own.

So please dave, demonstrate to us why *YOU* think prices are so high, use financial terms and logic. Explain how the markets work, in depth, since you so obviously think they are being manipulated, there has to be a way to do it, so show us.

This is your chance to finally prove that you know everything Dave, do not fail your own Ego!

 

[conjur]

Futures pushing $76/bbl today.


Wheee!!!

 

[LegendKiller]

Originally posted by: conjur
Futures pushing $76/bbl today.


Wheee!!!

...and Conjur rounds the corner with a dodge, good one!

 

[conjur]

Uhhh...put down the bong

http://www.marketwatch.com/News/Story/B...Dkdmw8bG8tNQ?siteid=mktw&dist=morenews

Crude-oil futures rose to a record $75.78 a barrel early Friday as traders continued to digest U.S. data showing a bigger-than-expected drawdown in crude inventories while keeping an eye out for news from North Korea and Iran.

Crude for August delivery was last up 62 cents at $75.73 a barrel in electronic trading, after earlier touching a high of $75.78, a record for a front-month contract.

Happy now?

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

Ohhh no you don't dave. Don't pull a Bush and completely evade being put in the spotlight. Are you afraid you are going to pull a Clinton and get caught with your pants down in public lying?

You know that you can truthfully, honestly, and thoroughly answer my questions regarding the futures markets. I know your extensive financial knowledge can explain the increasing prices. Since you are so smart and love to spread FUDD, I am sure in your reading and linking of so many articles that you have learned analysis on your own.

So please dave, demonstrate to us why *YOU* think prices are so high, use financial terms and logic. Explain how the markets work, in depth, since you so obviously think they are being manipulated, there has to be a way to do it, so show us.

This is your chance to finally prove that you know everything Dave, do not fail your own Ego!

There is only one financial term that applies...Monopoly.

Nothing but rich boys playing a game and you know it.

 

[dmcowen674]

Originally posted by: GoPackGo

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: zendari
Their margins aren't high.

Margin requirements can be quite high, depending on the contracts. If that were the problem you would see many people going bankrupt and the market in shambles, but that hasn't happened, why?

Sorry, but that was a little...sad. I am sure one of you usual guys who post hyperbole but little else can come up with a logical analysis...right?

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

We haven't run out because there are no supply problems.

They are all in cahoots and its one big scam.

Thank you.

We rarely agree on anything.

These thugs can make whatever "futures" price they feel like because they have a "captive" audience.

Everyone has to pay whatever price they set because WE HAVE NO CHOICE.

Their game would only be hurt when enough low life people can no longer afford to play their game of Monopoly.

 

[LegendKiller]

Originally posted by: dmcowen674

There is only one financial term that applies...Monopoly.

Nothing but rich boys playing a game and you know it.

How is a financial market that is worldwide, has pension, hedge, 401k, mutual, purchasers, sellers, traders, a market that trades trillions in contracts per year, a monopoly? Please explain how millions of people have formed a monopoly.

Ahh yes, the conspiracy! Run dave run, the black helos are coming for you.

 

[LegendKiller]

Originally posted by: dmcowen674
Thank you.

We rarely agree on anything.

These thugs can make whatever "futures" price they feel like because they have a "captive" audience.

Everyone has to pay whatever price they set because WE HAVE NO CHOICE.

Their game would only be hurt when enough low life people can no longer afford to play their game of Monopoly.

Wow dave, your complete blissful and wilfull ignorance shines through. You are a true credit to all trolls.

Tell me, how does a futures buyer or seller force you into a contract? Isn't a contract a two way street? can you not just refuse a contract?

Do you even know how a futures works? Somehow I doubt it, because you would rather point a finger at somebody else for your own ignorance.

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674
Thank you.

We rarely agree on anything.

These thugs can make whatever "futures" price they feel like because they have a "captive" audience.

Everyone has to pay whatever price they set because WE HAVE NO CHOICE.

Their game would only be hurt when enough low life people can no longer afford to play their game of Monopoly.

Wow dave, your complete blissful and wilfull ignorance shines through. You are a true credit to all trolls.

Tell me, how does a futures buyer or seller force you into a contract? Isn't a contract a two way street? can you not just refuse a contract?

Do you even know how a futures works? Somehow I doubt it, because you would rather point a finger at somebody else for your own ignorance.

Ah exactly.

Show me where we the people have a choice of refusing to go along with the rich boys arbitrary futures prices.

Show me where we the people can refuse "their" contracts.

 

[Mursilis]

Originally posted by: dmcowen674
These thugs can make whatever "futures" price they feel like because they have a "captive" audience.

Everyone has to pay whatever price they set because WE HAVE NO CHOICE.

Their game would only be hurt when enough low life people can no longer afford to play their game of Monopoly.

NO CHOICE?!?! Please. We can choose to stop buying bloated, inefficient SUV's. We can choose to stop being so lazy and walk or bike more. We can do lots of things to reduce our dependence on oil, but so far, we've been reluctant to do so. The American public only has itself to blame for this current mess.

 

[dmcowen674]

Originally posted by: Mursilis

Originally posted by: dmcowen674
These thugs can make whatever "futures" price they feel like because they have a "captive" audience.

Everyone has to pay whatever price they set because WE HAVE NO CHOICE.

Their game would only be hurt when enough low life people can no longer afford to play their game of Monopoly.

NO CHOICE?!?! Please. We can choose to stop buying bloated, inefficient SUV's. We can choose to stop being so lazy and walk or bike more. We can do lots of things to reduce our dependence on oil, but so far, we've been reluctant to do so. The American public only has itself to blame for this current mess.

Please correct yourself.

It is not I or the rest of the peons buying and driving the SUV's.

It is the rich Saudi loving Republicans doing that.

 

[zendari]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

Ohhh no you don't dave. Don't pull a Bush and completely evade being put in the spotlight. Are you afraid you are going to pull a Clinton and get caught with your pants down in public lying?

You know that you can truthfully, honestly, and thoroughly answer my questions regarding the futures markets. I know your extensive financial knowledge can explain the increasing prices. Since you are so smart and love to spread FUDD, I am sure in your reading and linking of so many articles that you have learned analysis on your own.

So please dave, demonstrate to us why *YOU* think prices are so high, use financial terms and logic. Explain how the markets work, in depth, since you so obviously think they are being manipulated, there has to be a way to do it, so show us.

This is your chance to finally prove that you know everything Dave, do not fail your own Ego!

There is only one financial term that applies...Monopoly.

Nothing but rich boys playing a game and you know it.

They don't have a monopoly any more than you have a monopoly on IT work.

 

[LegendKiller]

Originally posted by: dmcowen674
Ah exactly.

Show me where we the people have a choice of refusing to go along with the rich boys arbitrary futures prices.

Show me where we the people can refuse "their" contracts.

Again, do you know how a futures price works?

 

[dmcowen674]

Originally posted by: zendari

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Explain why we haven't run out of oil or gas.

Don't forget Oil inventories at 8 year highs.

Try and justify it and you can't.

Ohhh no you don't dave. Don't pull a Bush and completely evade being put in the spotlight. Are you afraid you are going to pull a Clinton and get caught with your pants down in public lying?

You know that you can truthfully, honestly, and thoroughly answer my questions regarding the futures markets. I know your extensive financial knowledge can explain the increasing prices. Since you are so smart and love to spread FUDD, I am sure in your reading and linking of so many articles that you have learned analysis on your own.

So please dave, demonstrate to us why *YOU* think prices are so high, use financial terms and logic. Explain how the markets work, in depth, since you so obviously think they are being manipulated, there has to be a way to do it, so show us.

This is your chance to finally prove that you know everything Dave, do not fail your own Ego!

There is only one financial term that applies...Monopoly.

Nothing but rich boys playing a game and you know it.

They don't have a monopoly any more than you have a monopoly on IT work.

Oh really? You can start up an Oil/Gas Company and compete with Exxon & BP?

I'd like to see this.

 

[LegendKiller]

Originally posted by: dmcowen674
Oh really? You can start up an Oil/Gas Company and compete with Exxon & BP?

I'd like to see this.

Barriers to entry are high, considering you need to have a lot of capital, but it isn't impossible.

Funny how you consider Exxon & BP a monopoly. Considering the fact that you are even getting your terms wrong, I don't see why anybody should listen to you. It's an *OLIGOPOLY*. Furthermore, it's only that assuming there is collusion and no end-runs around the production caps (which there almost always are).

Furthermore, these companies use the futures/forward market as much as anybody else, so they get trapped or helped by it also.

But then again, I wouldn't expect you to know that, since your primary source of FUDD are newsies who know nothing.

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674
Oh really? You can start up an Oil/Gas Company and compete with Exxon & BP?

I'd like to see this.

Barriers to entry are high, considering you need to have a lot of capital, but it isn't impossible.

Funny how you consider Exxon & BP a monopoly. Considering the fact that you are even getting your terms wrong, I don't see why anybody should listen to you. It's an *OLIGOPOLY*.

Furthermore, it's only that assuming there is collusion and no end-runs around the production caps (which there almost always are).

Furthermore, these companies use the futures/forward market as much as anybody else, so they get trapped or helped by it also.

But then again, I wouldn't expect you to know that, since your primary source of FUDD are newsies who know nothing.

Ah yes, there is tons of proof of collusion.

Not just amongst the Oil thugs themselves but their buddy Politicians as well.

Look at how many States forbid sales less than 3% of wholesale for example.

Legal Price fixing.