Falling oil price

I think it's also folly to blame speculators necessarily. Just because the market is not doing well doesn't mean speculation was the de facto problem or the root cause. The global demand and supply still has something to do with it all

 

2.77 in Mt Dora and 2.43 in Leesburg

 

I think it would be very difficult to pinpoint the blame of the higher prices. I am just grateful the prices are down. Of course, the cynic will say the prices are down because the election is near, but personally, agree with Tom, it is supply and demand related.

 

I believe the current concern over the economy has caused a decrease in demand which has caused a downturn in the price.

 

In an open market when the price goes beyond what the consumer is either willing to pay or has the ability to pay the demand goes down and prices will always follow.

 

The markets seem to be manipulated.
In times like these...when the value of our dollar has fallen and the economy is in question, it would be expected to see the demand for precious metals and their prices holding, if not going up. However, silver seemed to peak about March..... and one could buy all they could afford..... if they could afford $20 (more or less) per ounce. Now silver is under $10 an ounce........ but the trick is to find some to buy. Supply/demand? If the supply available is low against the demand to purchase, then the price should rise. But it isn't. WC's wonders about manipulation.

 

The dollar is going back up

 

I tend to be a 'dollar' watcher and am very grateful that the dollar has recovered some of its strength against the euro (BTW, for all readers, euro is the same as dollar - not capitalised, no one used it here, but just for everyone's information ).

It is still quite weak, but has recovered nearly 20% if its value in the last few months.

I can get petrol now for only about $6.12 a gallon!

 

I watch people who watch the dollar, and they seem to agree with you.

How much is the tax on a gallon ?

 

OPEC wants you all to run out and buy big block trucks. <G>

 

Bought gas in the Rio Grande Valley last week for $2.27.

 

I just love the results of supply and demand!

 

OPEC understands capitalism better than Congress.

Congress would be happy to sell their excess profits scam to an angry and ignorant public. Their probably a bit unhappy right now. But things will chance and they'll be back again with their grandstanding "hearings".

 

There are to many unsold large block trucks in the dealerships. When they are sold . . . .

 

In July, I heard a radio program interviewing Lindsey Williams, author of the book OIL - THE ENERGY NON CRISIS.

He had received a phone call, serious threats, by a 'friend' who was an insider, and who had once included him in board discussions regarding the oil cartel and the control of energy .....and limitations manipulated by our own government upon the crude oil resources, knowledge he had while a missionary to the oil fields in the building of the Alaskan Pipeline.

In that interview, he reported that during this recent call, and after being informed of the threat 'if he didn't stop talking' about the control of oil, Lindsey turned the conversation to lighter 'family' talk..... and in the discussion, was told that coming soon.... possibly before the election...... oil would drop and prices at the pump could go below $2/gal. This would bankrupt and/or de-stablize the economies of those countries dependant upon the sale of oil. He was told that people here would be practically 'dancing at the pumps' over the lower prices, not realizing they were literally 'dancing' over the successful agenda that would eventually de-stablize our very lives.

According to Williams, several of these countries are dependant on oil revenues for the cost of government and services and, in some cases, actually subsidizing the incomes of their peoples which helps internal stability and satisfaction with government. The Saudis, who have been using their excesses to develop their country, build its infrastructure, support its 'religious' schools, and investing in precious metals, and coerced into agreements to purchase our debt, would be forced to start dumping their wealth to make-up for the loss in revenue. (The love of money is the root????? )

Just what will be the outcome of all this instability.... Williams did not venture to say as he admitted that he was neither a prophet, and was only passing on what was told to him, and he could not vouch for whether it was truth or fiction....only that from what he knows of these 'contacts', while immoral in their character, their own 'code of conduct' is that they DO present subtlety guarded public 'warnings' of their plans before they carry them out..... which acts to clear their conscience against the poor masses who are controled and taken in and carried away by their emotional responses (non-thinking) by the confusion and difficulty of their circumstances. Psychological paralysis of people creates the environment for successful and welcomed control and submission to what would otherwise been foreseen as tryany, and anesthetizes against trust and collective resistance.

More on this in a new thread......coming soon!