Oil Prices - Where's the Outrage?

[Bubba]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

[DMC]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

[Bubba]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

[DMC]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

Shits way to complicated for me to really grasp... I leave that up to you... haha..

But I was kinda expecting it to go down during the summer.. Doesn't that usually happen?

[madhatter]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

Shits way to complicated for me to really graspYep... I leave that up to you... haha..

But I was kinda expecting it to go down during the summer.. Doesn't that usually happen?NO

[steamboat1]

Going to be hard for Obama to take credit for the drop in oil when just a couple of months ago he said $4+ gas was a sign of a strong, growing economy!

But I'm sure MSNBC will gloss over that too.

[madhatter]

Going to be hard for Obama to take credit for the drop in oil when just a couple of months ago he said $4+ gas was a sign of a strong, growing economy!

But I'm sure MSNBC will gloss over that too.

but he will anyway and some will take the bait; hook, line and sinker. hell some don't even need the bait, the bare hook is plenty enticing all by itself...

[Bubba]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

Shits way to complicated for me to really grasp... I leave that up to you... haha..

But I was kinda expecting it to go down during the summer.. Doesn't that usually happen?

The conventional wisdom is that gasoline prices (not necessarily crude prices) rise in the spring and peak around Memorial Day and certainly by July 4th. Spring and fall are the times when refineries change over blends, come down for turnarounds, etc. and also adjust production (to the very limited extent they can) to make more gasoline or make more heating oil. Prices tend to rise when these changes are taking place. They also rise simply due to the expectation that they will rise thus becoming a self-fulfilling expectation. This year, both crude and gasoline prices rose in tandem but peaked early and have been coming down ever since. We're probably bottoming out right now as $80 seems to be a floor over the past couple of years since the big drop when the economy and stock markets tanked in 2008.

[DMC]

Going to be hard for Obama to take credit for the drop in oil when just a couple of months ago he said $4+ gas was a sign of a strong, growing economy!

But I'm sure MSNBC will gloss over that too.

but he will anyway and some will take the bait; hook, line and sinker. hell some don't even need the bait, the bare hook is plenty enticing all by itself...

Just like when some took the bait on your side of the aisle..

Maybe I don't pretend to understand how oil works on the global market - but at least I admit..

[Dickc]

http://finance.yahoo.com/blogs/breakout ... 25z;_ylv=3 Not sure this link will hold up as it is long, but the article is on Yahoo Finance and is titled "Look out below Major Crude Crash Is Coming Says Analyst"

[Bubba]

http://finance.yahoo.com/blogs/breakout ... 25z;_ylv=3 Not sure this link will hold up as it is long, but the article is on Yahoo Finance and is titled "Look out below Major Crude Crash Is Coming Says Analyst"

Gotta love technical traders. Damn the facts, let's just look at the charts.

[Dickc]

Elliot wave theory. They trade on past history and current "waves". Damn how the economy or politics might be affecting things. I would have loved to see their call on Apple three years ago. Bet it was wrong.

[Coydog]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

Oil speculators unwind, oil prices drop. Try as you might, it's pretty clear the current volatility of the oil markets has almost nothing to do with physical supply and demand.

[Bubba]

WTI futures for prompt month delivery has dropped to under $80/bbl today. Guess those big bad oil companies are still manipulating prices.

Funny how people just let that one go after all the finger pointing at the President... :)

They were REALLY counting on gas going up and staying up to get rid of the President.

Yes, but they were also blaming rising oil prices on manipulation, speculation, etc., anything but good old fashioned supply and demand, coupled with fear and greed, all of which is usually what drives markets. Speculators and oil companies get all the blame when prices go up but everyone ignores the fact that they also go down, also driven by speculators, supply, demand, fear and greed. It's all what makes markets work, for better and for worse.

Oil speculators unwind, oil prices drop. Try as you might, it's pretty clear the current volatility of the oil markets has almost nothing to do with physical supply and demand.

Thought I'd resurrect this thread from a few years back. Coydog, since the 2012 drop didn't have anything to do with supply and demand, what about the current cratering?

[Atomic1]

However , Fracking is proven to be a player ~ http://www.americanthinker.com/articles ... _down.html" onclick="window.open(this.href);return false;

And let's not forget Obama and DMC were AGAINST Fracking !