Forum Discussion
Prevost82
May 24, 2008Explorer
I'm not big on the conspiracy theory. But the reason this didn't happen until now is that certain forces had to come into play and it’s the perfect storm.
1) 24hr cable news and business cable cannels. We never been inundated with so much information in our lives and most of it bad news.
2) Bad US energy policies e.g.: no new refineries, or nuclear plants, no new drill for oil. The US is 1/6 th the population of the world but consumes 25% of all oil.
3) China, India and other 3rd world countries, middle class & power requirements have reached a critical mass that eat up excess supply. They are also subsidizing the price of fuel at the pump, around $1.5 gal. … India’s launching a $2500 car next year .. I wonder how much more strain on supply this will have @ $1.5 gal
4) Enron showed big business how it could manipulate market prices in a perceived strained market. I seem too remember refinery runs well over 90%, now they have a hard time getting over 85%
5) The Goldie Locks economy …an economy that didn’t want to quit … a lot of new money pouring into the stock market looking for high profits and found them in commodities … and a lot of speculators to drive the price up. There also have never been so many small investors, like you and me, in the market.
6) The war, Katrina, Hugo Chavez and any other fear the news media can broadcast 24/7 that effects the markets. Now a field mouse runs across a pipeline and the price of oil goes up.
The list could go on and on.
Ron
1) 24hr cable news and business cable cannels. We never been inundated with so much information in our lives and most of it bad news.
2) Bad US energy policies e.g.: no new refineries, or nuclear plants, no new drill for oil. The US is 1/6 th the population of the world but consumes 25% of all oil.
3) China, India and other 3rd world countries, middle class & power requirements have reached a critical mass that eat up excess supply. They are also subsidizing the price of fuel at the pump, around $1.5 gal. … India’s launching a $2500 car next year .. I wonder how much more strain on supply this will have @ $1.5 gal
4) Enron showed big business how it could manipulate market prices in a perceived strained market. I seem too remember refinery runs well over 90%, now they have a hard time getting over 85%
5) The Goldie Locks economy …an economy that didn’t want to quit … a lot of new money pouring into the stock market looking for high profits and found them in commodities … and a lot of speculators to drive the price up. There also have never been so many small investors, like you and me, in the market.
6) The war, Katrina, Hugo Chavez and any other fear the news media can broadcast 24/7 that effects the markets. Now a field mouse runs across a pipeline and the price of oil goes up.
The list could go on and on.
Ron
About RV Tips & Tricks
Looking for advice before your next adventure? Look no further.25,115 PostsLatest Activity: Mar 04, 2025