Why/How did Gasoline drop so fast to LESS than $2 per gallon.. COME ON.. LOL

[miketheidiot]

Originally posted by: brencat

Originally posted by: alien42

Originally posted by: miketheidiot
yeah lets forget the billions of dollars that hedgefunds put into the market.

stockpiles of oil and gas both increased as the price increased, this was never about supply and demand.

Originally posted by: LegendKiller
LOL. And global deleveraging with hedge funds facing $100BN in redemptions within 3 months, forcing them to massively sell out of oil futures position more than halving the amount of oil futures outstanding.

I've said all along that this had nothing to do with supply/demand. As mike said above, it's always been about investment gains to make up for the mortgage debacle.

these are the truth

Agreed. Mike & LK are right on the money here. The supply/demand argument is just rubbish. And I too have spent my entire career on Wall St as well...

I wouldn't say that is entirely true, the basics of supply and demand do hold in the long run, and in this case they have. In the short run all markets are imperfect, due mainly to imperfect information.

 

[miketheidiot]

Originally posted by: Ocguy31
Oh god another one of these threads?

WARNING: Tin-hat required to enter

who exactly are the 'tinfoil hatters' in this thread? Well besides dave...