[threadbear]

Those who write off J.Denver, could easily get caught. When supply is constrained, the actual severity of the problem is obscured by the financial goings on he is describing. The piling on effect is distorting the hell out of the price.

Remember, too, that oil went up to around 80. per barrel a few years ago and settled back to 55. for quite some time, on sentiment, more than anything else. It is a huge mistake to see it's rise in price purely in geologic terms.

[threadbear]

Dude, Your first chart is off. Look at mine, in nominal terms, and adjusted for inflation. Also, check out the correction of price sometime in 2005 through 2006, back to around 50.00. How do you explain this?

http://www.inflationdata.com/inflation/ ... _Chart.htm

[JohnDenver]

$this->bbcode_second_pass_quote('Jack', '')$this->bbcode_second_pass_quote('JohnDenver', 'T')he bottom line is that Jack's position that hedge fund operators can't influence oil prices is a crock of shit, as I said. The NYMEX oil contract is controlled by a very small amount of money, and the NYMEX price governs prices because the NYMEX is used as a benchmark in contracts throughout the world.

[threadbear]

$this->bbcode_second_pass_quote('Shannymara', '')$this->bbcode_second_pass_quote('threadbear', 'D')ude, Your first chart is off. Look at mine, in nominal terms, and adjusted for inflation. Also, check out the correction of price sometime in 2005 through 2006, back to around 50.00. How do you explain this?

http://www.inflationdata.com/inflation/ ... _Chart.htm

[JohnDenver]

$this->bbcode_second_pass_quote('dinopello', ' ')Is anyone here arguing that the 5 year steady increase is due to speculation ?

[cube]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('cube', 'L')ike I said before the ridiculousness on this forum knows no limits.

If you want to see all hell break loose start imposing capital controls. That's what you're advocating JD.

History has made it very clear, there is no better "signal" of a collapsing society.

[threadbear]

$this->bbcode_second_pass_quote('Shannymara', '')$this->bbcode_second_pass_quote('threadbear', 'R')eally. Where is the spike down, in 2005 through 2006?

[cube]

$this->bbcode_second_pass_quote('JohnDenver', '.')...
As for the E-V-I-L thing, I don't have to go any farther than your sig to demonstrate that you're a subhuman scumbag, Jack.
.

[threadbear]

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('cube', 'L')ike I said before the ridiculousness on this forum knows no limits.

If you want to see all hell break loose start imposing capital controls. That's what you're advocating JD.

History has made it very clear, there is no better "signal" of a collapsing society.

[eastbay]

$this->bbcode_second_pass_quote('jato', 'P')rices need to go high enough to destroy demand. Otherwise the world would experience significant oil shortages when we slide down the slope of oil depletion.

Artificially lower oil prices = less incentive to find and produce oil = steeper oil production curve post peak.

[TheDude]

$this->bbcode_second_pass_quote('threadbear', 'D')ude, Your first chart is off. Look at mine, in nominal terms, and adjusted for inflation. Also, check out the correction of price sometime in 2005 through 2006, back to around 50.00. How do you explain this?

[TheDude]

$this->bbcode_second_pass_quote('eastbay', 'R')elated Silly Humans Note: I just read that there are no additional high mileage car models (no, 30's isn't high mileage) scheduled to be imported into the USA in 2009. So unless you want to pay $25,000 for a Toyota Hybrid, any cars sold will be getting under 40 mpg. Remember, the average in France is 40 mpg.

[cube]

$this->bbcode_second_pass_quote('threadbear', 'M')alaysia was protected, through their govt's action on curbing short term investment, that kept speculation from destroying their currency, if I remember correctly.

[threadbear]

Dude, Unless there is massive govt intervention, I think oil will likely remain very high, for several reasons, including diminishing supply. But people should be aware they could be blind sided, by demand destruction, globally, and the ensuing jumping off the band wagon by large investors, hedge funds.

The two-wheeler argument is a good one. Providing the climate isn't a factor, what's to prevent people from going this route, rather than clinging to their dinosaurmobiles?

[threadbear]

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('threadbear', 'M')alaysia was protected, through their govt's action on curbing short term investment, that kept speculation from destroying their currency, if I remember correctly.

[Jack]

$this->bbcode_second_pass_quote('JohnDenver', '
')As for the E-V-I-L thing, I don't have to go any farther than your sig to demonstrate that you're a subhuman scumbag, Jack. Speculators like you are going to be great poster boys as the anti-speculator propaganda gears up. Yes indeed folks, speculators are valuable members of your community. They ratchet up the price of necessities, make money without working, and enjoy buttered popcorn while they watch human beings die. Think we should cut them some slack? <surging roar of the crowd... thumbs down> Or rape them with bone-crushing taxes? <surging roar of the crowd... thumbs up>

[threadbear]

$this->bbcode_second_pass_quote('Jack', '')$this->bbcode_second_pass_quote('JohnDenver', '
')As for the E-V-I-L thing, I don't have to go any farther than your sig to demonstrate that you're a subhuman scumbag, Jack. Speculators like you are going to be great poster boys as the anti-speculator propaganda gears up. Yes indeed folks, speculators are valuable members of your community. They ratchet up the price of necessities, make money without working, and enjoy buttered popcorn while they watch human beings die. Think we should cut them some slack? <surging roar of the crowd... thumbs down> Or rape them with bone-crushing taxes? <surging roar of the crowd... thumbs up>

[jato]

$this->bbcode_second_pass_quote('JohnDenver', 'T')he solution is to disincentivize the flight into commodities, and get the speculators back into stocks, bonds and real estate, where they belong. Instead of windfall taxes on productive entities like the oil companies, we need windfall taxes on the profits of *non-productive* entities, like commodity speculators. Like I said, I like the idea of beefed up reporting requirements and a 95%+ windfall tax on gains from oil speculation.

[kublikhan]

$this->bbcode_second_pass_quote('cube', 'T')here is a bull market in commodities right now and there is absolutely nothing that the government or all the (pro-government economic interventionists people) of the world can do anything to stop it.

[eastbay]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('cube', 'T')here is a bull market in commodities right now and there is absolutely nothing that the government or all the (pro-government economic interventionists people) of the world can do anything to stop it.