Mjasper67 04:36:44 PM Jul 21 2008

Oil is going to remain down due to lack of interest, but the price of school supplies will rise as a result of the weak dollar. Whatever. It's stories like these that seem to be driving up oil prices. Is it really possible that the oil speculators read AOL or better yet, write for AOL? LOL

BAM2MICROA 04:02:52 PM Jul 21 2008

$5B in cash controls $400B in oil contracts.

BAM2MICROA 03:57:23 PM Jul 21 2008

The bubble will continue until the hands of the speculators (parasites) are cut off. Please check out www.StopOilSpeculationNow.com and bury your elected officials until they act and change the laws.

Proudlyprosperng 07:57:47 AM Jul 21 2008

Notice the question and the answers. Not one answer allows us to say oil is not going to go back up over 140. Speculation set-up keeping everyone with negative answers. If you answered the question your helping oil to rise.

MotleyCrue76 01:54:46 AM Jul 21 2008

and if you all dont think this is true, i bet oil will go up if not remain at the current price cause of a tropical storm in the gulf. its hog wash. how many storms have went threw there in the past 20 years and oil prices did what? not much till Katrina, thats when the speculators all started to find this oil thing out. heck most them wells aint producing more that a place to make waves brake on there pillars. but it will give the speculators another reason for a false demand in oil thats not in the supply market.

MotleyCrue76 01:33:09 AM Jul 21 2008

one last note, yes i do think we need to conserve. we need to drill. replace our gas gusslin cars and trucks, with more fuel efficent one's. we all need to step back an take a look, at what we can do to ease the demand for this resouce that in time will dry up. i bought my 1st home in May 2007, its an older home and had a very OLD water heater, and a furnace made in 1985. the water heater was the 1st thing to go before the gas was even turned on to the house. but could not afford to replace the furnace at the time. Man did i take a bath on that this last heating season here in IA. its now sitting in a scrap yard, minus the blower, with a nice new 96% in its place. i think this heating season i can afford to set the temp to 68, while conserving gas usage.

MotleyCrue76 01:06:31 AM Jul 21 2008

here is a link to a very recent video of a interview with a investor that says the "Oil Bubble has Burst" watch it. you will get just as steamed over this milking of our economy as i did. http://www.cnbc.com/id/15840232?video=795927426

MotleyCrue76 01:04:13 AM Jul 21 2008

this is the prime reason why oil should not be "bet" on in price. it should be set just like a bag of chips at the grocery store. it take this amount of money to make it, add a 15% markup(cause they need to make something for it), add on the price to ship it to the refinery, where this process starts over again and you get to the gallon of gas. i remember watchin CNBC back in the mid 90's when oil was between $10-15 a barrel, a refinery chairman said they could not make any money on oil that was below $20 a barrel. now who are trying to kid. your a business man with a product thats loosing money? what do you do? duh, raise the markup to make it profitable. (just dont raise it too far as to milk the consumers using it, or they wont buy it). you see what im gettin at, were being played like a long stringed violin........last part.........

MotleyCrue76 12:50:09 AM Jul 21 2008

this is what the inverstors call "paper demand" this is whats going on in the market and why we are not seeing a 5 gallon limit at the pump and long lines as back in the 70's when there was a "REAL" shortage. this is a paper shortage due to all investors buying up contracts for the limited produced supply which creates a artifical demand. then only after the price goes up to sell it back on the market where it is bought again to start the whole process over again. this all holds true if the price keeps going up. if it starts to level off or drop, the investors run in to sell there contracts to keep what profit they can. this creates exess supply on the buy side and the price falls. this is why oil can drop in price so fast. investors puttin all the supply back on the market for sale again. cept prices are falling so no one is buying. cause if it drops too low on a contract, there is a margin call to sell it at a loss...........

MotleyCrue76 12:36:20 AM Jul 21 2008

your broker calls you back and tells you that he's sold your contract at $130 a barrel for 2,000 barrels and deposits the money in your account. so lets see, $30 times 2,000= you just made $60,000 bucks in say 2 weeks time. now the jist of how it all works, and trust me, its not rocket sciene at all. there is X amount of oil produced for delivery everyday(supply). you put in a bid to buy that amount of oil at the contract price for the day for delivery some 30days later.(a demand) then after a few weeks you sell your demand for a profit. this returns the supply back to the market. you never see, touch, smell, or kick 1 oil drum ever. yet you just pocketed $60,000.................