Not A Joke Top Off With Gasoline or Diesel
Saudi Arabia just cut production to 50%. Rocket attacks against refineries and pipelines. You can bet your last dollar prices are going to double because of speculators. Crude has jumped on a weekend ...
Forum Discussion
westernrvparkowner wrote:MEXICOWANDERER wrote:If you are so sure that it is "Speculators" driving up the price of oil, buy some oil futures, or buy some stock in oil producers, or oilfield service companies or whatever else would benefit from whatever or whomever attacked that oil facility. Oil is a global commodity. No individual, no group and no single country has the ability to unilaterally set the price. Supply and demand is the operative in play.
It's the price of the SPECULATORS set. Analysts are incorrect because of the extreme chance of war. Analysts are graduates of the University of Guesswork.
We have J Stars aloft at all times in the Gulf. The Speculators are saying they do not know the origin of the rockets. Gimme a freakin' break, they know to the square foot where the rockets originated.
This is an excellent opportunity to meet Saudi Arabia's demand for higher crude prices while speculators are drooling. Copy your reply and review it on the first of October.
The USA exports more oil than it imports but that has nothing to do with anything these days.
Use wisdom.
End my comments.
I feel you are correct, but just like the equity market, short term, emotions become a factor.
