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Author	Topic: Oil Ends Below $75; Traders Ignore US Inventory Drop	Post a Reply Back to Topics

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honda0105 Champion Author Tallahassee Posts:15,272 Points:1,143,275 Joined:Nov 2008	Message Posted: Sep 11, 2010 4:51:36 PM Ignore honda0105 Report Abuse inventory drop can be major or minor. Seems with super high inventories a small drop ain't putting a drop in the bucket...
honda0105 Champion Author Tallahassee Posts:15,272 Points:1,143,275 Joined:Nov 2008	Message Posted: Sep 11, 2010 4:50:55 PM Ignore honda0105 Report Abuse hblee: seems as though the goblins ate that article.
hblee Champion Author Ontario Posts:1,866 Points:634,535 Joined:May 2004	Message Posted: Sep 10, 2010 4:42:57 PM Ignore hblee Report Abuse Where's the story? If it's about the price of oil, just blame it on anything. There's no rhyme or reason to any of it.
TFzoom All-Star Author Chicago Posts:782 Points:652,330 Joined:Jun 2008	Message Posted: Sep 10, 2010 3:01:32 PM Ignore TFzoom Report Abuse Supply, demand, future expectations, political expectations, war premium, peace dividend; all add to volatility, giving traders their ability to profit as middlemen.
my3sons Champion Author New York Posts:4,455 Points:1,506,535 Joined:Aug 2005	Message Posted: Sep 10, 2010 2:08:09 PM Ignore my3sons Report Abuse should be dropping to below $30 a barrel!
kbierley Champion Author Dayton Posts:9,931 Points:1,270,610 Joined:Nov 2003	Message Posted: Sep 10, 2010 12:52:04 PM Ignore kbierley Report Abuse Now if we can produce more gasoline to lower its price.
milespergallon Champion Author Illinois Posts:7,503 Points:1,480,590 Joined:Feb 2007	Message Posted: Sep 10, 2010 12:38:53 PM Ignore milespergallon Report Abuse The whole article is missing. Based on the comments others have made this is just the same old story of specu-traitors doing what they know, gouge corrupt the market and manipulate the economy. And, our government allows them to do this!
BEngr Champion Author Illinois Posts:4,273 Points:1,117,180 Joined:May 2008	Message Posted: Sep 10, 2010 11:12:53 AM Ignore BEngr Report Abuse The fact remains we don't have much control over the price of gas at the pump.
CPGas1815 Champion Author Michigan Posts:4,181 Points:727,455 Joined:Apr 2008	Message Posted: Sep 10, 2010 11:02:41 AM Ignore CPGas1815 Report Abuse Ignorance is bliss. But the ignorant manner in which supporters of the energy industry have demonstrated borders on criminality. These repugnant A$$ holes all deserve to be sent to prison.
WhiteTreeIndian Champion Author New Jersey Posts:3,388 Points:669,520 Joined:Dec 2009	Message Posted: Sep 10, 2010 10:46:43 AM Ignore WhiteTreeIndian Report Abuse Exactly, nail the price DOWN and be done with them.
tml721 Champion Author Columbus Posts:10,035 Points:1,928,590 Joined:Jul 2005	Message Posted: Sep 10, 2010 10:46:29 AM Ignore tml721 Report Abuse ROAD HOG, your statement is the apitamy of ignorance.
joelimo Champion Author New York Posts:47,810 Points:1,923,125 Joined:Aug 2006	Message Posted: Sep 10, 2010 10:46:21 AM Ignore joelimo Report Abuse TallSteve,,,I know why,,, a butterfly farted in the Amazon,,,that's why!
gronin Champion Author Illinois Posts:2,001 Points:683,145 Joined:Mar 2009	Message Posted: Sep 10, 2010 10:45:40 AM Ignore gronin Report Abuse I cannot begin to understand how and why traders are allowed to abuse the commodities markets. How is it helpful other than line companies traders pockets to allow thousands more contracted to be traded over and over than the actual number of contracts delivered. This has to change!
gasper Champion Author Edmonton Posts:2,662 Points:975,295 Joined:Mar 2002	Message Posted: Sep 10, 2010 10:45:21 AM Ignore gasper Report Abuse I would say that the price of fuel here in Alberta went up today. I would say that fuel is way to high in regards to oil prices.
Bonanza Champion Author Boston Posts:9,300 Points:2,087,030 Joined:Jun 2004	Message Posted: Sep 10, 2010 10:44:18 AM Ignore Bonanza Report Abuse Gas prices are still too high.
RoadhogMA Champion Author Boston Posts:4,219 Points:897,095 Joined:Dec 2008	Message Posted: Sep 10, 2010 10:41:34 AM Ignore RoadhogMA Report Abuse Do away with traders .
TallSteve Champion Author Dayton Posts:4,388 Points:884,800 Joined:Nov 2006	Message Posted: Sep 10, 2010 10:40:43 AM Ignore TallSteve Report Abuse Why are oil prices rising anyway? The "summer driving season" is officially over. Oil prices are back up over $76/barrel today again. WHY???
wickedgarden Sophomore Author British Columbia Posts:182 Points:227,340 Joined:Sep 2008	Message Posted: Sep 10, 2010 10:40:28 AM Ignore wickedgarden Report Abuse A 2 cent drop is all I have seen in the last week. Diesel is unchanged?
toadNY Champion Author Albany Posts:4,563 Points:1,047,525 Joined:Apr 2008	Message Posted: Sep 10, 2010 10:39:41 AM Ignore toadNY Report Abuse In stead of tell us the economy is improving, tell us the oil & gas inventories are higher than they are to get the price to drop.
goalie1950 Champion Author Phoenix Posts:4,054 Points:831,320 Joined:Oct 2009	Message Posted: Sep 10, 2010 10:39:12 AM Ignore goalie1950 Report Abuse Oil prices falling. Unfortunately, gas prices are not dropping as fast as they should.
Hi1 Champion Author Ontario Posts:2,647 Points:1,293,310 Joined:Jun 2007	Message Posted: Sep 10, 2010 10:38:52 AM Ignore Hi1 Report Abuse price went down a penny here
TripleHs Champion Author Austin Posts:1,310 Points:494,530 Joined:Oct 2009	Message Posted: Sep 10, 2010 10:38:52 AM Ignore TripleHs Report Abuse the inventory level is still way too high ... if people (investors, speculators, traders) have been overlooking inventory increases, well, no reason to be surprised by overlooking inventory decrease for just one time
turbodog Champion Author Mississippi Posts:4,397 Points:897,490 Joined:Feb 2009	Message Posted: Sep 10, 2010 10:37:58 AM Ignore turbodog Report Abuse look for the drop this month
Sam195 Champion Author San Bernardino Posts:5,760 Points:1,115,975 Joined:Oct 2008	Message Posted: Sep 10, 2010 10:36:26 AM Ignore Sam195 Report Abuse Traders are a waste of space.
Lengas Champion Author Gary Posts:11,084 Points:2,252,600 Joined:Nov 2004	Message Posted: Sep 10, 2010 10:35:39 AM Ignore Lengas Report Abuse Gas prices still steady
MertieMan Champion Author Lexington Posts:12,414 Points:2,429,685 Joined:May 2005	Message Posted: Sep 10, 2010 10:34:55 AM Ignore MertieMan Report Abuse The yo yo effect is going on now, up one day and down the next.
arnerator Champion Author Seattle Posts:5,826 Points:1,156,685 Joined:Sep 2008	Message Posted: Sep 10, 2010 10:33:08 AM Ignore arnerator Report Abuse And up again just a while ago. Here goes the yoyo again.
tomok Champion Author Portland Posts:24,660 Points:1,879,585 Joined:Aug 2006	Message Posted: Sep 10, 2010 10:30:40 AM Ignore tomok Report Abuse Another oil story that will be deleted by the blog master. Fuel prices at the pump are still way too high!
tobasco Champion Author Los Angeles Posts:6,753 Points:1,757,295 Joined:Mar 2004	Message Posted: Sep 10, 2010 10:30:39 AM Ignore tobasco Report Abuse So...
jimbo1867 Champion Author Arizona Posts:3,021 Points:1,589,600 Joined:Apr 2005	Message Posted: Sep 10, 2010 10:30:34 AM Ignore jimbo1867 Report Abuse numbers!!! numbers !!! numbers !!!!
VTROCK Champion Author Detroit Posts:2,582 Points:644,455 Joined:Sep 2008	Message Posted: Sep 10, 2010 10:29:51 AM Ignore VTROCK Report Abuse Yawn.
bicycler Champion Author Ontario Posts:12,697 Points:2,208,370 Joined:May 2005	Message Posted: Sep 10, 2010 10:24:42 AM Ignore bicycler Report Abuse EXTREMESNOW; Do not praise them, they failed to get the price to go up so they could make a profit!
TheSicilian Champion Author Jacksonville Posts:3,031 Points:1,004,275 Joined:Feb 2009	Message Posted: Sep 10, 2010 10:24:39 AM Ignore TheSicilian Report Abuse what else is new?
sleepyt Champion Author Chicago Posts:2,293 Points:704,475 Joined:Mar 2008	Message Posted: Sep 10, 2010 10:21:27 AM Ignore sleepyt Report Abuse Pure noise in the market. Nothing like the efficient market hypothesis, you University of Chicago economists. Explain this in under 5000 words, and I suggest you consider the use of the phrase "price fixing."
cnet1 Champion Author Arizona Posts:1,955 Points:515,150 Joined:Nov 2008	Message Posted: Sep 10, 2010 10:21:15 AM Ignore cnet1 Report Abuse When have they paid attention to the inventorys anyways?
BlueVanGroup Champion Author Colorado Posts:4,792 Points:1,071,375 Joined:May 2008	Message Posted: Sep 10, 2010 10:20:52 AM Ignore BlueVanGroup Report Abuse It looks like everything is "unexpected" these days.
EXTREMESNOW Champion Author Medford Posts:7,052 Points:1,453,565 Joined:Jul 2006	Message Posted: Sep 10, 2010 10:20:21 AM Ignore EXTREMESNOW Report Abuse And we are supposed to say good job speculators?
Jamer Champion Author Orange County Posts:6,397 Points:1,178,360 Joined:Jul 2002	Message Posted: Sep 10, 2010 10:18:43 AM Ignore Jamer Report Abuse I hope the speculators lost their shorts yesterday.
orcar Champion Author Boise Posts:1,403 Points:422,910 Joined:Jun 2010	Message Posted: Sep 10, 2010 10:16:55 AM Ignore orcar Report Abuse The only thing that changes the price is greed.
ironbox_sara Champion Author Albany Posts:7,250 Points:1,783,065 Joined:Mar 2006	Message Posted: Sep 10, 2010 10:16:26 AM Ignore ironbox_sara Report Abuse Down again up again.
Fitwit Champion Author Stockton Posts:4,370 Points:943,800 Joined:May 2009	Message Posted: Sep 10, 2010 10:16:22 AM Ignore Fitwit Report Abuse prices at the pumps are down around here.
shenna Champion Author Ontario Posts:2,843 Points:718,595 Joined:Jul 2008	Message Posted: Sep 10, 2010 10:13:57 AM Ignore shenna Report Abuse profits must be high with the prices at the pump going up
206awd250 Champion Author Seattle Posts:1,260 Points:521,155 Joined:Nov 2008	Message Posted: Sep 10, 2010 10:11:58 AM Ignore 206awd250 Report Abuse price at the pump goes up.
amerk73 Champion Author Dallas Posts:4,715 Points:1,157,205 Joined:Oct 2008	Message Posted: Sep 10, 2010 10:11:31 AM Ignore amerk73 Report Abuse now at $75.46
Radon Champion Author Hartford Posts:2,508 Points:1,584,140 Joined:Aug 2005	Message Posted: Sep 10, 2010 10:10:17 AM Ignore Radon Report Abuse Not a simple relationship.
1Casey Champion Author Albany Posts:4,521 Points:1,419,910 Joined:Jun 2004	Message Posted: Sep 10, 2010 10:09:28 AM Ignore 1Casey Report Abuse Inventory numbers are bogus. smoke and mirrors.
bkplenge All-Star Author Tallahassee Posts:943 Points:64,755 Joined:Sep 2005	Message Posted: Sep 10, 2010 10:09:27 AM Ignore bkplenge Report Abuse They appear to also be ignoring the fact that demand has been low all year, and that the summer driving season is over, lowering the demand even more. Just checked, and oil is up $1.10 to 75.24, when it should actually be dropping substantially at this time.
bluenvoy Champion Author Nashville Posts:11,570 Points:1,502,240 Joined:Oct 2005	Message Posted: Sep 10, 2010 10:06:32 AM Ignore bluenvoy Report Abuse It should be about $65.
LilRedWagonIN Champion Author Indiana Posts:5,416 Points:1,104,850 Joined:Oct 2008	Message Posted: Sep 10, 2010 10:01:11 AM Ignore LilRedWagonIN Report Abuse The government report "showed crude stocks unexpectedly fell last week." "Traders also noted total U.S. crude oil and products stocks remained at high levels," Traders, as most people, probably know more than the government.
RocketmanC99 Champion Author Missouri Posts:1,341 Points:668,390 Joined:Jan 2007	Message Posted: Sep 10, 2010 10:01:00 AM Ignore RocketmanC99 Report Abuse Oil down. Gas prices went up here. As much as 15 cents!