Crude oil slide puzzles nervous U.S. market

Comments (7)
JimboK wrote:

So why has gasoline increased by ~50ยข/gallon in the last2 weeks??????

Feb 20, 2013 11:20pm EST  --  Report as abuse
Neilson2 wrote:

Good thing speculating/playing the oil market doesn’t affect the price of oil. Im sure a huge gush of oil shot into some barrels somewhere during that one second and increased the supply….

Feb 20, 2013 11:21pm EST  --  Report as abuse
fyvm wrote:

No matter what we do to manipulate the price of crude, it just won’t stay! That’s what it should read.

Feb 21, 2013 12:39am EST  --  Report as abuse
tjjjc2 wrote:

Remove crude as a commodity, do not allow speculators to determined the price. You make a car, you sell the car, that’s it. You make a rug, you sell the rug. you make eye glasses, you sell, etc. etc.

Feb 21, 2013 12:56am EST  --  Report as abuse
fromthecenter wrote:

The real mystery here is why do we continue to let a few speculators make the price of oil drop and fall at their whim. It should be considered a national security issue and outlawed. Noone should be able to buy the oil unless they assume ownership for resale. Lets see what the price of gas would become then.

Feb 21, 2013 6:06am EST  --  Report as abuse
TheNewWorld wrote:

@JimboK

The environmentalists and the EPAs success at blocking new refineries means we are suceptable to higher gas prices when existing refineries have stoppages. That is why has is high. Gas is not oil.

Feb 21, 2013 7:10am EST  --  Report as abuse

Disturbing market forces at stock exchange or commodity exchange is good in serving some special interests (like US political interests in case of crude oil price) until US has power of a gun to push the supplier to sell at “US market” price and in USD. There will be a moment when none of this will work and it is neat, 5-10 years. The price for US buyers will be fixed at European or Asian exchanges and denominated in SDR’s or similar currency or gold.

Feb 24, 2013 6:19pm EST  --  Report as abuse
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