Do you agree with Economists who say that about half the Oil price run-up is from speculative trading?

Which was allowed by the Bush administration's energy plan immediately after he took office.





http://www.oilwatchdog.org/articles/?sto鈥?/a>





Do you agree?Do you agree with Economists who say that about half the Oil price run-up is from speculative trading?
Yes, many people think that Saudi Arabia or OPEC set the price of oil and gasoline. Actually oil and gasoline delivery contracts are both traded on the commodities exchange. These are the people who are making the real money. We don't have an oil supply problem, we have a speculation problem.Do you agree with Economists who say that about half the Oil price run-up is from speculative trading?
Speculation is currently driving high oil prices. It's a global market, though, nothing the Bush admin may have done has 'allowed' it. Contributed to it slightly, perhaps. 'Leader of the Free World' (something of an oxymoron, really) or not, there are some things the President can't do. Set oil prices is one of them.
You were OK then comes the Bushderangementsyndrome


the commodities is traded WORLDWIDE they are shorting the Dollar and T-Bills because oil is based on the dollar, china is


trading the most, If you watch the cycle every time the dollar gains oil goes down visa-versa. We need to get the dollar up and it will get back to just below $3 gal


But my friend Bush has nothing to do with it.
Oh YES





It is not the oil companies





Remember they only make 7 to 10% profit





The convience store down the street makes 30 to 40 percent on everything they sell except gas





Termite companies have a 1000% percent markup and no one complains





A pizza cost less than 5 dollars to make and the charge is 20


Yet we buy them by the millions
Yep, the other half is just greed! To me it is all a plan to make the rich richer, and the democrats look bad because they will not allow drilling off shore or in Alaska.
Yes. Energy prices are way too high based on DEMAND ECONOMY. Big Business and Big Government artificially make prices high, thinking it is good for the economy.


Yeah, right.
Well, this is what our wonderful Democrat run congress has been up to. http://lieberman.senate.gov/documents/am鈥?/a>


I would have to say that this bill is at least half of the reason for our fuel prices.
well maybe its part of the problem but other factors in play as well . like growing economies in asia and increased use here as well
I know that this is a complicated market - but, shudder, Enron comes to mind........
I do agree with that.