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  #1  
Old 05-16-2008, 08:07 AM
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CNN just figured out future traders move oil prices :)

http://money.cnn.com/2008/05/16/news...ex.htm?cnn=yes




Nice news agency.
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Old 05-16-2008, 06:57 PM
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Buy a hybrid diesel.
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Old 05-16-2008, 07:31 PM
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I believe the point is "CNN just figured out future traders move oil prices"

A new breed of speculator is pouring money into the oil market. What's less certain is whether this new money is responsible for driving up prices or essential to a healthy market.

Many blame record prices on Wall Street investors new to the oil market, saying they're bidding up gas prices to artificially high levels - and soaking drivers.

As oil nears $130 a barrel, some say $10 to $70 of that price is due to Wall Street speculation.

Not sure what Buying a hybrid Diesel has to do with it.
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Old 05-17-2008, 10:32 PM
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Quote:
Originally Posted by Quicksilver
I believe the point is "CNN just figured out future traders move oil prices"

A new breed of speculator is pouring money into the oil market. What's less certain is whether this new money is responsible for driving up prices or essential to a healthy market.

Many blame record prices on Wall Street investors new to the oil market, saying they're bidding up gas prices to artificially high levels - and soaking drivers.

As oil nears $130 a barrel, some say $10 to $70 of that price is due to Wall Street speculation.

Not sure what Buying a hybrid Diesel has to do with it.
Hey...It makes him feel good. I'm sure he is going to go out any day now and buy a hybrid diesel. Really.
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Old 05-17-2008, 07:42 PM
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It takes regulation, not fads that a) kill the environment and b) make money for the Chinese producers of the parts for the diesel hybrids who will, in turn use it to pollute our world, own us some more, and further overpopulate the world
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Old 05-17-2008, 10:24 PM
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WOW what a break-through.
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