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user1676

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Since: Jan 02, 2005
Posts: 795



(Msg. 1) Posted: Tue Apr 05, 2005 2:55 pm
Post subject: Crude Oil Price Bubble
Archived from groups: alt>autos>toyota (more info?)

:51pm 04/05/05
*Greenspan*: crude inventories could ease price frenzy By Greg Robb

WASHINGTON (MarketWatch) -- Fed chief Alan Greenspan said the
current spike in oil prices may not be long-lived. Greenspan noted that
futures prices for delivery of oil for summer delivery exceed spot prices.
"That will likely support increased inventories of crude oil. If sustained,
these market technicals could encourage enough of an inventory buffer to
damp the current price frenzy," Greenspan said in a speech prepared for
delivery Tuesday for the National Petrochemical and Refiners Association.
Greenspan did not hazard a guess at the impact of current high oil prices on
the U.S. economy, or discuss the potential impact on inflation. Some
economists believe the higher energy prices will lead to slower economic
growth in the second quarter.



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Gary L. Burnore

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Since: Jan 18, 2004
Posts: 492



(Msg. 2) Posted: Tue Apr 05, 2005 2:55 pm
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this post is not archived.

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TeGGer®

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Since: Apr 05, 2005
Posts: 27



(Msg. 3) Posted: Tue Apr 05, 2005 4:55 pm
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"Philip" <1chip-state1.DeleteThis@earthlink.n0t> wrote in
news:rHA4e.781$go4.468@newsread2.news.atl.earthlink.net:

 > :51pm 04/05/05
 > *Greenspan*: crude inventories could ease price frenzy By Greg
 > Robb
 >
 > WASHINGTON (MarketWatch) -- Fed chief Alan Greenspan said
 > the
 > current spike in oil prices may not be long-lived. Greenspan noted
 > that futures prices for delivery of oil for summer delivery exceed
 > spot prices. "That will likely support increased inventories of crude
 > oil.


If that crude is allowed to accumulate, that is.


 > If sustained, these market technicals could encourage enough of
 > an inventory buffer to damp the current price frenzy,"


Which is supposed to be what happens when prices climb. It encourages
suppliers to try to cash in on the bonanza. That's when supply increases
and prices fall.

Of course, if regulatory hurdles prevent supply from increasing, that
prices will remain high.


 > Greenspan said
 > in a speech prepared for delivery Tuesday for the National
 > Petrochemical and Refiners Association. Greenspan did not hazard a
 > guess at the impact of current high oil prices on the U.S. economy, or
 > discuss the potential impact on inflation. Some economists believe the
 > higher energy prices will lead to slower economic growth in the second
 > quarter.
 >


There are lots and lots of other factors I had missed in high oil prices:
Weak US dollar, US government buying, for example...

Here's an interesting link:
<a style='text-decoration: underline;' href="http://tinyurl.com/5rxql" target="_blank">http://tinyurl.com/5rxql</a>



--
TeGGeR®<!-- ~MESSAGE_AFTER~ -->
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tz

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Since: Apr 05, 2005
Posts: 11



(Msg. 4) Posted: Tue Apr 05, 2005 5:55 pm
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D.D. Palmer

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Since: Oct 22, 2003
Posts: 190



(Msg. 5) Posted: Tue Apr 05, 2005 6:36 pm
Post subject: Re: Crude Oil Price Bubble [Login to view extended thread Info.]
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I remember thinking in 1981 that we'd never see $1.25 again and it was $.999
as late as 1996 or 1997.


"Gary L. Burnore" <gburnore.DeleteThis@databasix.com> wrote in message
news:d2uldd$hjo$7@pizzaboi.databasix.com...
 > On Tue, 05 Apr 2005 18:22:15 GMT, "Philip"
 > <1chip-state1.DeleteThis@earthlink.n0t> wrote:
 >
  >> :51pm 04/05/05
  >> *Greenspan*: crude inventories could ease price frenzy By Greg Robb
  >>
  >> WASHINGTON (MarketWatch) -- Fed chief Alan Greenspan said the
  >>current spike in oil prices may not be long-lived. Greenspan noted that
  >>futures prices for delivery of oil for summer delivery exceed spot prices.
  >>"That will likely support increased inventories of crude oil. If
  >>sustained,
  >>these market technicals could encourage enough of an inventory buffer to
  >>damp the current price frenzy," Greenspan said in a speech prepared for
  >>delivery Tuesday for the National Petrochemical and Refiners Association.
  >>Greenspan did not hazard a guess at the impact of current high oil prices
  >>on
  >>the U.S. economy, or discuss the potential impact on inflation. Some
  >>economists believe the higher energy prices will lead to slower economic
  >>growth in the second quarter.
  >>
 >
 > Its safe to say that even if crude prices drop, the price at the pump
 > will never be what it was even a few months ago (1.45 for regular in
 > the us)_. We'll never see 1.45/gal again.
 > --
 > gburnore@databasix dot com
 > ---------------------------------------------------------------------------
 > How you look depends on where you go.
 > ---------------------------------------------------------------------------
 > Gary L. Burnore | ÝÛ³ºÝ³Þ³ºÝ³³Ýۺݳ޳ºÝ³Ý³Þ³ºÝ³ÝÝÛ³
 > | ÝÛ³ºÝ³Þ³ºÝ³³Ýۺݳ޳ºÝ³Ý³Þ³ºÝ³ÝÝÛ³
 > DataBasix | ÝÛ³ºÝ³Þ³ºÝ³³Ýۺݳ޳ºÝ³Ý³Þ³ºÝ³ÝÝÛ³
 > | ÝÛ³ 3 4 1 4 2 ݳ޳ 6 9 0 6 9 ÝÛ³
 > Black Helicopter Repair Svcs Division | Official Proof of Purchase
 > ===========================================================================
<font color=purple> > Want one? GET one! <a style='text-decoration: underline;' href="http://signup.databasix.com</font" target="_blank">http://signup.databasix.com</font</a>>
 > ===========================================================================<!-- ~MESSAGE_AFTER~ -->
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tz

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Since: Apr 05, 2005
Posts: 11



(Msg. 6) Posted: Tue Apr 05, 2005 7:55 pm
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ericd1

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Since: Nov 08, 2004
Posts: 132



(Msg. 7) Posted: Tue Apr 05, 2005 7:55 pm
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tz

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Since: Apr 05, 2005
Posts: 11



(Msg. 8) Posted: Tue Apr 05, 2005 7:55 pm
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ericd1

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Since: Nov 08, 2004
Posts: 132



(Msg. 9) Posted: Tue Apr 05, 2005 7:55 pm
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dh

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Since: Mar 28, 2005
Posts: 10



(Msg. 10) Posted: Tue Apr 05, 2005 8:02 pm
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"Eric Dreher" <ericd DeleteThis @cox.nét> wrote in message
news:pl5651t42obq323al4b75cp3t1vh7s2p97@4ax.com...
 > On Tue, 05 Apr 2005 22:44:31 GMT, tz <nospam@sp`am.com> wrote:
 >
  > >In article <xqidnbxJxf9gj87fRVn-iQ DeleteThis @comcast.com>,
  > > "D.D. Palmer" <ddpalmer DeleteThis @hotmail.com> wrote:
  > >
   > >> I remember thinking in 1981 that we'd never see $1.25 again and it was
$.999
   > >> as late as 1996 or 1997.
  > >
  > >My guess is we'll see $2.50 per gal by July 4, maybe more, but I hope
  > >I'm wrong. We here in the U.S.A. still enjoy the lowest gas prices in
  > >the world. We here in the U.S.A. still don't take this seriously. We
  > >keep buying gas guzzlers and drive like hell. I think about six bucks a
  > >gallon will finally open some eyes.
 >
 > I was listening to an interview on either CNN or MSNBC about three
 > weeks ago. It was estimated that if everyone with a small truck
 > or passenger vehicle was given a hybrid free of charge on the
 > condition that they rid themselves of their current vehicle, gasoline
 > consumption would be reduced in the U.S. by a whopping three percent.
 >

Who was being interviewed? If you can remember who or by who and pin the
date down a little, maybe I can search for it.

Trade only the "small truck or passenger vehicle[s]?" Maybe only a 3%
reduction would result from that, the small ones already get decent gas
mileage. Now I really wonder who was being interviewed. It would be like
some Bush Administration / Oil Industry Shill to dream this up: trade out
the vehicles that already get the best mileage. The sensible thing to do is
swap out the vehicles that get the worst mileage. Eliminate the Hummers,
Tahoes, Yukons, Explorers, Expeditions, etc.

Reducing fuel consupmtion nationally would have a number of beneficial
primary effects:
1. Improve our balance of trade. Between the deficit and the poor balance
of trade, we're selling something like $75 billion in notes overseas every
month. It wouldn't improve this situatino as much as I'd like to see but it
woud be a start.
2. Improve the environment. Our atmosphere is changing rapidly. A few
atmospheric scientists and climatologists think this may be OK, that our
atmosphere may be able to absorb all the carbon we're putting into it but
nearly all of them believe this is bad. We're taking a huge gamble with the
health of the planet. I don't know about you but I don't think I'm ready to
move off-planet. Too far from the relatives, you know?
3. Reduce the flow of money to terrorists. A significant fraction of the
money that goes to the Middle East supports terrorism or, at least,
anti-Western agitation. Let's stop funding our enemies. That alone would
slow them down, some but the loss of easy oil money will force them to build
real economies, they'll be too busy working at real jobs to do us any harm.
Where did Saddam Hussein get funds to arm Iraq? Where do Iran's mullahs get
funds to pay off A.Q.Khan and buy critical nuclear weaponry technology? For
the matter of that, where do Iran's mullahs and the Saudi ruling family get
the funds to keep their own people in chains?
4. Reduce the power of some despots in the Middle East. With less cash,
they'll be less able to interfere with democratization - or fight our
military if we must use force again.

Any one of these things would be a sensible thing to do. We can make a
start on all of them by just buying smaller cars. Why not do it?<!-- ~MESSAGE_AFTER~ -->
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ericd1

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Since: Nov 08, 2004
Posts: 132



(Msg. 11) Posted: Tue Apr 05, 2005 8:02 pm
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Bassplayer12

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Since: Mar 11, 2005
Posts: 69



(Msg. 12) Posted: Tue Apr 05, 2005 9:55 pm
Post subject: Re: Crude Oil Price Bubble [Login to view extended thread Info.]
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I suggest everyone here reads THE CREATURE FROM JEKYLL ISLAND by G. Edward
Griffin. The book is about the creation of the Federal Reserve. While
reading this, you will discover that the fed is part of the problem, not the
solution.
Available from amazon.com or realityzone.com.
Have you read it Philip?
Best regards
JP

"Philip" <1chip-state1.TakeThisOut@earthlink.n0t> wrote in message
news:rHA4e.781$go4.468@newsread2.news.atl.earthlink.net...
 > :51pm 04/05/05
 > *Greenspan*: crude inventories could ease price frenzy By Greg Robb
 >
 > WASHINGTON (MarketWatch) -- Fed chief Alan Greenspan said the
 > current spike in oil prices may not be long-lived. Greenspan noted that
 > futures prices for delivery of oil for summer delivery exceed spot prices.
 > "That will likely support increased inventories of crude oil. If
 > sustained, these market technicals could encourage enough of an inventory
 > buffer to damp the current price frenzy," Greenspan said in a speech
 > prepared for delivery Tuesday for the National Petrochemical and Refiners
 > Association. Greenspan did not hazard a guess at the impact of current
 > high oil prices on the U.S. economy, or discuss the potential impact on
 > inflation. Some economists believe the higher energy prices will lead to
 > slower economic growth in the second quarter.
 >
 >
 >
 ><!-- ~MESSAGE_AFTER~ -->
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Art2

External


Since: Jun 04, 2004
Posts: 1198



(Msg. 13) Posted: Tue Apr 05, 2005 10:55 pm
Post subject: Re: Crude Oil Price Bubble [Login to view extended thread Info.]
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Sounds more like Fox news. What's the slogan again? We make it up and you
rightwingers decide? By the way, the morons were the first to break the
news that the Pope was dead. Too bad he was still alive.


"Eric Dreher" <ericd RemoveThis @cox.nét> wrote in message
news:pl5651t42obq323al4b75cp3t1vh7s2p97@4ax.com...
 > On Tue, 05 Apr 2005 22:44:31 GMT, tz <nospam@sp`am.com> wrote:
 >
  >>In article <xqidnbxJxf9gj87fRVn-iQ RemoveThis @comcast.com>,
  >> "D.D. Palmer" <ddpalmer RemoveThis @hotmail.com> wrote:
  >>
   >>> I remember thinking in 1981 that we'd never see $1.25 again and it was
   >>> $.999
   >>> as late as 1996 or 1997.
  >>
  >>My guess is we'll see $2.50 per gal by July 4, maybe more, but I hope
  >>I'm wrong. We here in the U.S.A. still enjoy the lowest gas prices in
  >>the world. We here in the U.S.A. still don't take this seriously. We
  >>keep buying gas guzzlers and drive like hell. I think about six bucks a
  >>gallon will finally open some eyes.
 >
 > I was listening to an interview on either CNN or MSNBC about three
 > weeks ago. It was estimated that if everyone with a small truck
 > or passenger vehicle was given a hybrid free of charge on the
 > condition that they rid themselves of their current vehicle, gasoline
 > consumption would be reduced in the U.S. by a whopping three percent.
 >
 >
 > ------------------------------------------------
 > The DNC - Building a bridge to the 20th Century.<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Crude Oil Price Bubble 
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Art2

External


Since: Jun 04, 2004
Posts: 1198



(Msg. 14) Posted: Tue Apr 05, 2005 10:55 pm
Post subject: Re: Crude Oil Price Bubble [Login to view extended thread Info.]
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The dollar is weak. Of course oil is going up per barrel. Not to mention
India and Chinese demand which will only be going up. Expect $4 per gallon
soon.


"Philip" <1chip-state1.TakeThisOut@earthlink.n0t> wrote in message
news:rHA4e.781$go4.468@newsread2.news.atl.earthlink.net...
 > :51pm 04/05/05
 > *Greenspan*: crude inventories could ease price frenzy By Greg Robb
 >
 > WASHINGTON (MarketWatch) -- Fed chief Alan Greenspan said the
 > current spike in oil prices may not be long-lived. Greenspan noted that
 > futures prices for delivery of oil for summer delivery exceed spot prices.
 > "That will likely support increased inventories of crude oil. If
 > sustained, these market technicals could encourage enough of an inventory
 > buffer to damp the current price frenzy," Greenspan said in a speech
 > prepared for delivery Tuesday for the National Petrochemical and Refiners
 > Association. Greenspan did not hazard a guess at the impact of current
 > high oil prices on the U.S. economy, or discuss the potential impact on
 > inflation. Some economists believe the higher energy prices will lead to
 > slower economic growth in the second quarter.
 >
 >
 >
 ><!-- ~MESSAGE_AFTER~ -->
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ted hillerwoman

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Since: Mar 19, 2005
Posts: 2



(Msg. 15) Posted: Tue Apr 05, 2005 11:56 pm
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Stations in my town are pricing gas by the half-gallon just like
lunch meat at the deli.

Doesn't look so expensive that way.
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