Comments on: Black Friday http://www.tapsns.com/blog/index.php/2008/06/black-friday/ Mark Anderson Strategic News Service Sun, 16 Jan 2011 14:38:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mary Branscombe http://www.tapsns.com/blog/index.php/2008/06/black-friday/comment-page-1/#comment-289 Mary Branscombe Fri, 11 Jul 2008 10:27:30 +0000 http://www.tapsns.com/blog/?p=137#comment-289 I think the airline industry is agreeing with you at length; http://www.stopoilspeculationnow.com/site/page/sos_now_supporters I think the airline industry is agreeing with you at length; http://www.stopoilspeculationnow.com/site/page/sos_now_supporters

]]> By: Mark http://www.tapsns.com/blog/index.php/2008/06/black-friday/comment-page-1/#comment-247 Mark Mon, 09 Jun 2008 04:22:16 +0000 http://www.tapsns.com/blog/?p=137#comment-247 Oh, and P.s. : I got my elementary education (for the little I think it was worth) at Stanford. Oh, and P.s. : I got my elementary education (for the little I think it was worth) at Stanford.

]]> By: Mark http://www.tapsns.com/blog/index.php/2008/06/black-friday/comment-page-1/#comment-246 Mark Mon, 09 Jun 2008 04:19:15 +0000 http://www.tapsns.com/blog/?p=137#comment-246 If I ignore the vituperation here, and try to sort out the basic point(s), it seems this writer believes that basic supply and demand are the only price drivers of oil prices today, and further thinks that speculators (even though they are not material?) will, for some strange reason, be "clearing out" in a few days, and that crude will reach its "normal market value" in that course of time. Now there's a bet that I'm happy to take. No, speculators will not clear out in the near term, and no, we will not be seeing supply/demand pricing until at least after the US election; that's my own suggestion. If I ignore the vituperation here, and try to sort out the basic point(s), it seems this writer believes that basic supply and demand are the only price drivers of oil prices today, and further thinks that speculators (even though they are not material?) will, for some strange reason, be “clearing out” in a few days, and that crude will reach its “normal market value” in that course of time.

Now there’s a bet that I’m happy to take.

No, speculators will not clear out in the near term, and no, we will not be seeing supply/demand pricing until at least after the US election; that’s my own suggestion.

]]> By: Hermanus Goondatus http://www.tapsns.com/blog/index.php/2008/06/black-friday/comment-page-1/#comment-243 Hermanus Goondatus Sun, 08 Jun 2008 04:51:11 +0000 http://www.tapsns.com/blog/?p=137#comment-243 Congress Blames the Hedge Funds, Part IV: This Isn’t Complicated: http://jeffmatthewsisnotmakingthisup.blogspot.com/2008/06/congress-blames-hedge-funds-part-iv.html Congress Blames the Hedge Funds, Part IV: This Isn’t Complicated:
http://jeffmatthewsisnotmakingthisup.blogspot.com/2008/06/congress-blames-hedge-funds-part-iv.html

]]> By: Hermanus Goondatus http://www.tapsns.com/blog/index.php/2008/06/black-friday/comment-page-1/#comment-242 Hermanus Goondatus Sun, 08 Jun 2008 04:14:22 +0000 http://www.tapsns.com/blog/?p=137#comment-242 Mark - an elementary education in economic theory would be a good place for your to start before making such assinine comments as the one above..... We have had epic bubbles in -the equity market where the whole system was complicit -the housing market where the whole system was complicit and the fed helped pile on -the credit market where the whole system was complicit And there was not one investigation while this stuff was occuring...and in fact alot of it was encouraged The price of crude goes up because of supply and demand and lack of any coherent energy policy in the US, and there is constant commentary about bubble, manipulation, and speculation and constant calls for investigation; and of course we get it: http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5503-08.html Well for those who think the price of crude is up for non-fundamental reasons, lets see where the price is in a few days after all the theoretical "specualtors" clear out due to this sort of stuff, and probably drive the price of crude below its normal market value in the process of hitting the exit button all at once... ANd then we will be left with cold hard reality Interestingly were the BLS left responsible for measuring the price of crude, they would probably say it is $20 a barrel because it is of better qulaity (somehow) and people are driving less and it has been subsituted out with walking which is free.... Mark – an elementary education in economic theory would be a good place for your to start before making such assinine comments as the one above…..

We have had epic bubbles in
-the equity market where the whole system was complicit
-the housing market where the whole system was complicit and the fed helped pile on
-the credit market where the whole system was complicit

And there was not one investigation while this stuff was occuring…and in fact alot of it was encouraged

The price of crude goes up because of supply and demand and lack of any coherent energy policy in the US, and there is constant commentary about bubble, manipulation, and speculation and constant calls for investigation; and of course we get it:
http://www.cftc.gov/newsroom/generalpressreleases/2008/pr5503-08.html

Well for those who think the price of crude is up for non-fundamental reasons, lets see where the price is in a few days after all the theoretical “specualtors” clear out due to this sort of stuff, and probably drive the price of crude below its normal market value in the process of hitting the exit button all at once…

ANd then we will be left with cold hard reality

Interestingly were the BLS left responsible for measuring the price of crude, they would probably say it is $20 a barrel because it is of better qulaity (somehow) and people are driving less and it has been subsituted out with walking which is free….

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